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Article: JAPANS ALCONIX EXPECTS POSITIVE CASH FLOW ON LOAN SECURITIZATION.
- Article from:
- AsiaPulse News
- Article date:
- September 10, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Sept 10 Asia Pulse - Japanese nonferrous metals trading firm Alconix Corp. (TSE:3036) is expected to record a group free cash flow of close to 500 million yen (US$4.7 million) in the year ending in March thanks chiefly to plans to securitize operating loans for overseas buyers.
The firm had a negative free cash flow of 5.3 billion yen last fiscal year.
Alconix plans to securitize relatively long-term loans totaling 1-2 ...