31 January 2001, 09:59 Japan Sogo's rehabilitation plan gets creditors' approval
Tokyo--Jan. 31--Failed department store chain Sogo Co. Ltd. said
Wednesday its rehabilitation plan had won approval from most of its 3,300
creditors present at a special meeting. Sogo sought court protection from
its creditors last July after spectacularly collapsing with liabilities of
1.87 trillion yen (U.S. $17.3 billion), the legacy of a doomed expansion
drive across Asia.
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