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Aoki seen defaulting on 3 bil. yen in convertible bonds.

Publication: Japan Weekly Monitor
Publication Date: 10-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 6 Kyodo

Failed midsize construction firm Aoki Corp. is expected to default on its two convertible bond issues worth 2,981 million yen, a senior company official said Thursday.

Earlier in the day, the company filed for court protection from creditors with consolidated liabilities of 522.0 billion yen....

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