Ann: Appendix 4G and Corporate Governance Statement, page-15

Thanks WangChung and MutantSlab, I finally found the quote in question.

One other possibility is they are considering selling the NZ operation, as it is possible that the distraction of running it is not worth the revenue and profit benefit.

Certainly is an interesting choice of words " the directors believe it would be likely to result in unreasonable prejudice to the company".