• Kyodo

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Theme park operator Huis Ten Bosch Co., which filed for bankruptcy last week with estimated liabilities of 228.9 billion yen, had 3.7 billion yen in negative net worth at the end of last year, company sources said Monday.

The negative net worth resulted largely from startup investment of 220 billion yen prior to the establishment in 1992 of the Dutch-style theme park as well as accumulated losses caused by lower asset values and unabated red ink in its earnings balance.

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