JAPAN: Nippon Meat Packers to take control of Hoko Fishing
Japan's Nippon Meat Packers has announced it has decided to take full control of troubled seafood trader Hoko Fishing. The meat processing company is to acquire all 60 million new shares, worth ¥3bn (US$25.7m), to be issued by Hoko Fishing, which filed for court protection from creditors in April 2002 under the Corporate Rehabilitation Law.
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