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Article: JAPAN'S SANYO SHOKAI, 2 OTHERS REVEAL MAJOR EXPOSURE TO SOGO.

Article from:
AsiaPulse News
Article date:
July 21, 2000
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OSAKA, July 21 Asia Pulse - Sanyo Shokai Ltd. (8011) announced Wednesday that as of July 11, it had 1.77 billion yen (US$16.39 million) of accounts receivable from supply of apparel to the Sogo Co. (8243) group, which filed for court protection from creditors July 12.

World Co. (3596) revealed accounts receivable from the failed department store operator totaling 377 million yen the same day, while AuBEX Corp. (3583) reported exposure of 102 million yen.

Sanyo Shokai, one of Japan's leading apparel producers, will increase loan-loss ...

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