• SHARE

FUKUOKA (Kyodo) Two subsidiaries of struggling retailer Daiei Inc. reached an out-of-court settlement Friday with Park Credit Management Co. to repay 92 percent of overdue loans to the Cayman Islands-based investment firm.

The Tokyo District Court in August ordered the two firms to repay 1.38 billion yen in overdue loans to Park Credit.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW