Why bother?
"well positioned to capitalize on the broader growth opportunities in the region."
Or, combining a few small markets into a slightly larger one to reduce overhead? It's clear that the AU/NZ markets are utterly different from the ASEAN market, so my interpretation is that this is a slowly dying company doing some necessary consolidation.
I haven't seen 2021 data, but for 2020:
IBM NZ reported sales of $210.6 million for the year to 31 December, down from $257.9 million. Profit before income tax nearly halved...(and that's in NZ$, so about US$140M).
So, hardly worth the bother... (Australia is a somewhat better picture, but their net profit there was only AU$89.7M.)