What are the benefits for TWD shareholders from the acquisition of a unprofitable company in a different business?
From Market Index website:
AstiVita Limited (AIR, formerly Astivita Renewables Limited) is an importer and distributor of kitchen appliances, sanitary-ware, bathroom products, solar hot water and photovoltaic systems into the Australian market. AstiVita Limited has established strategic partnerships with Quality manufacturers across a full range of AstiVita products from Europe and Asia.
Ann: Intention to Make Takeover Bid, page-3
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