Residentia Group Pty Ltd acquired Omega kitchen appliances business in Australia from Shriro Holdings Limited (ASX:SHM) on March 31, 2023. Residentia Group will take over Shriro's Australian Omega inventory, display assets, intellectual property, spare parts, and warranty obligations, whilst Shriro will retain and collect the debtors. The sale will have an immaterial positive impact on the net assets of Shriro.

Residentia Group Pty Ltd completed the acquisition of Omega kitchen appliances business in Australia from Shriro Holdings Limited (ASX:SHM) on March 31, 2023.