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Funai Electric Parent Allowed to Start Bankruptcy Procedures

Funai Electric Parent Allowed to Start Bankruptcy Procedures

Signboard of Funai Electric
Signboard of Funai Electric

   Tokyo, Jan. 16 (Jiji Press)--Tokyo District Court this month issued a permission for Funai Group, parent of Funai Electric Co., a failed Japanese audio and video equipment maker, to start bankruptcy procedures, research firm Teikoku Databank Ltd. said Thursday.
   The court issued the permission on Jan. 7, acting on a request from some creditors of Funai Group, previously called Funai Electric Holdings Co.

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AFP-JIJI PRESS NEWS JOURNAL


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