According to this mornings Australian, some of the pubs up for sale have lessor valuation than their recent purchase price, this can amplify losses immensely when heavily leveraged as HLG is. Aussie also mentions rumour of TWH Pty Ltd (Tom Hedleys private company) being possible suitor for the pubs.
All smells too fishy to me so I have my barge pole out on this one!
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