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(Update) Funai Electric Goes Bust

(Update) Funai Electric Goes Bust

   Tokyo, Oct. 24 (Jiji Press)--Funai Electric Co., a Japanese maker of audio and video equipment, received court approval of its bankruptcy plan on Thursday, Teikoku Databank Ltd., a credit research firm, said.
   Funai, based in Daito in the western prefecture of Osaka, had some 46.1 billion yen in liabilities, Teikoku Databank said.

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AFP-JIJI PRESS NEWS JOURNAL


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