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Niigata Engineering seeks court protection.

Publication: Japan Weekly Monitor
Publication Date: 03-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Nov. 27 Kyodo

(EDS: UPDATING WITH PRESS CONFERENCE, MORE DETAILS)

Midsize heavy-duty machinery maker Niigata Engineering Co. effectively went belly-up Tuesday with debts of about 227 billion yen, after filing for court protection from its creditors.

The failure is the eighth-largest in terms of the size of debts among the cases of corporate failures logged since the onset of 2001, according to major credit...

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