Ann: Asia Acquisition and A$176M Entitlement Offer, page-3

The seller is the group that the current CEO previously worked for. They seem to pay overs for most of their acquisitions & this is no exception. Interesting to see it is funded by a capital raising rather than debt have the banks told them the balance sheet looking a bit stretched? What does this mean for the timetable of future acquisitions given their aggressive target of $5billion t/o. I'd say this acquisition will give them the opportunity to import manufactured product back to Australia & replace their high cost manufacturing footprint here.