JAPAN: Nippon Shokuhin collapses on BSE, labelling scandal - MEMBERS
Japanese meat processor Nippon Shokuhin has filed for bankruptcy protection following difficulties related to an outbreak of BSE in Japan and the Snow Brand mislabelling meat scandal. Nippon Shokuhin joins a long list of 62 companies that have gone bankrupt following the mad cow disease outbreak, with their combined debts amounting to ¥38.7bn (US$322m), an official of research firm Teikoku Data Bank told is reported as saying. Nippon Shokuhin's debt is said to be the largest among these companies.
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