ABR holdings diworsefication?
ABR holdings sold its lucrative chocolate retail business back to the founders and has a big sum of cash for investment, but instead of using it to expand its core food business, it intends to diversify into property business.
Is this a sign of diworsefication? Does the management has expertise in property business and considering that property business will be tougher as interest rates rise, is it a wise choice?
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