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Minority shareholder buys Jeanswest out of administration

Australian apparel chain Jeanswest has been bought out of administration by Harbour Guidance Pty Ltd, an Australian subsidiary of Harbour Guide Ltd, a Hong Kong company owned by Chun Fan Yeung and his family interests. Yeung is a minority shareholder in Howsea Ltd, the previous parent company of Jeanswest. The sale is expected to be completed in mid-March and could include up to 106 stores, according to a statement from the voluntary administrators from KPMG, Peter Gothard and James Stewart, whi

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