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Can any experts explain the benefits of changing the core business after acquisition?

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Old 09-02-2020, 11:30 AM   #1
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Can any experts explain the benefits of changing the core business after acquisition?

Reverse takeover (RTO)

I was looking at the history of Golden Dragon Limited,a Catalist listed stock.

It was formerly TMC Education Corporation, then a majority of its shares got sold to a Investmemt Holding company. Shortly after, its key assets, a wholly-owned subsidiary, TMC Academy, was sold off to the former controlling shareholders.

TMC then got renamed as 'Golden Dragon limited'

What are the benefits in doing so? Why not just use a normal private limited coy to act as investment holding coy?
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Old 10-02-2020, 11:10 AM   #2
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If you do not know, means you are not in the league and the real reasons are not shared publicly

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Old 10-02-2020, 11:28 AM   #3
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Well that's one answer.

What do the company's annual reports and other communications say? Do they provide any explanations?
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