Aiful escapes bankruptcy
China Daily | Updated: 2009-12-25 08:04
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A man walks past a sign for Aiful Corp in Tokyo. Aiful's shares rose on optimism the creditor agreement will boost the firm's efforts to cope with an industry contraction. Bloomberg News |
TOKYO: Aiful Corp, Japan's third-largest consumer lender by assets, won approval from creditors for a debt-restructuring plan that will enable it to avoid bankruptcy.
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