Sanyo Securities to fold if no t
Sanyo Securities Co. will shut down operations by the end of
August if it cannot find a corporate partner, domestic or foreign, to
rescue the second-tier Japanese brokerage. ''Sanyo has not given up
on restructuring,'' Akira Fujishima (far L), the court-appointed
provisional trustee to the brokerage, tells a news conference at the
Tokyo Stock Exchange in downtown Tokyo on June 24.
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