An unknown buyer agreed to acquire Kiwifruit Orchards in Austral, Lakes and Hayward from Seeka Limited (NZSE:SEK) for AUD 26.5 million on May 20, 2020. Kiwifruit Orchards in Austral, Lakes and Hayward Board and will be leased back for up to 30 years with two initial terms of 10 years followed by two terms of 5 years. Transaction is subject to the approval of the Foreign Investment Review Board. Seeka Limited will use the proceeds from the divestment to repay debt and accelerate further kiwifruit orchard developments in Australia. An unknown buyer completed the acquisition of Kiwifruit Orchards in Austral, Lakes and Hayward from Seeka Limited (NZSE:SEK) on December 15, 2020.