SUBSIDIARY OF AUSTRALIA'S COLES HIT WITH INTERIM RESTRAINING ORDER.

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SUBSIDIARY OF AUSTRALIA'S COLES HIT WITH INTERIM RESTRAINING ORDER.

Publication: AsiaPulse News

Publication Date: 31-JUL-01

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MELBOURNE, July 31 Asia Pulse - Coles Myer Ltd (ASX:CML) accountants believed takeover target Australian Liquor Group Ltd (ASX:ALG) would book a 2000/01 loss as high as A$6 million (US$3.02 million), instead of an expected profit, it was revealed today.

The findings were detailed today by the Corporations and Securities Panel in its reasons for granting an interim order restraining Coles Myer subsidiary Liquorland from making a payment to ex-ALG directors...

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