Yes, and by setting up the distribution of the Dunlop brand in ANZ, the brand will appeal to a broader range of potential buyers, including overseas buyers/manufacturers with currently no direct distribution in ANZ. Maybe asian manufacturers with no recognisable brands may find the prospect of buying the Dunlop brand appealing, even more so if it comes with distribution and warehousing independent from the seller. And if they sell to a SEA buyer with no direct distribution or experience in ANZ, it may turn out to be aven better for NTD, since their experience can be valuable to the buyer. I cannot possibly think of the Dunlop brand to be of any value to other established manufacturers with established brands, but, say, a Chinese manufacturer of cheap unknown tyres may find the famous Western brand appealing.
It is no coincidence that they decided to struck a deal with NTD and then announce the review two months later. Anyhow, it is no bad news, it's in fact no news at all, for now. It may turn out that the buyer won't continue the deal with NTD, but this won't have any impact on the fy24 results, and contributions from the Dunlop deal weren't priced in the SP anyway.
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