Ann: Transformational Acquisition of Broadway and $7m Placement, page-2

I Like it...I like it a lot!!! especially these snippets:

With this highly accretive acquisition, AuMake expects material improvements in financial performance for FY20

AuMake has identified significant growth opportunities for the incoming business.

All key Broadway management and staff will be retained

Importantly, this acquisition will allow us to materially increase the number of consumers (and particularly tourists) visiting AuMake and Broadway’s network of 25 offline stores by leveraging off Broadway’s deep relationshipswithChinesetouroperators.Theincreasedcustomerbaseisexpectedtoimprovethefinancial performance of the business across all metrics. However it is not expected to raise fixed costs given the substantialinfrastsructureandinvestmenttodateintheAuMakebusinesswhichBroadwaywillbeintegrated with, including warehousing, logistics, marekting, IT, procurement and other head office support.