The state Department of Corporations lifted its...
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The state Department of Corporations lifted its previous order preventing the sale of Pioneer Take-Out chicken franchises after the Los Angeles company submitted qualified audited results for 1986 that showed it had a net worth of $5 million. Separately, Winzar Financial Services Ltd., a Monaco corporation, said it is negotiating to purchase Pioneer. A spokesman for Pioneer said the company is in final negotiations with a buyer, but he would identify the party. He said an announcement is expected shortly.
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