CREDITORS will be hoping for higher returns from the collapsed Palandri Wine Group as the company is placed into liquidation and the probe into some of the group's transactions continues.
Creditors of the collapsed Palandri Wine Group have today voted overwhelmingly in favour of placing the company into liquidation, but a return figure has yet to be determined as suspect transactions warrant further investigation.
The voluntary administrators of Palandri Wine Group today confirmed the completion of the sale of certain assets to the newly formed and privately owned, Global Wine Holdings Pty Ltd.
13 Jun 2008
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