AUSTRALIA: Tamar Knitting Mills May Soon Restart Production
The Tamar Knitting Mills could be on the verge of restarting production under new ownership as the deadline for tenders has been extended to Friday. The deadline was extended until Friday to allow two bidders to arrange their finances. The current owners of the mill are optimistic that a buyer will be found among the 10 bidders, which will enable former employees to receive their entitlements, said to be around A$100,000, and for creditors to be paid.
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