Toa Steel decides to liquidate

Satoru Nomura, president of Toa Steel Co., Japan's second-largest electric-furnace steelmaker, makes a bow at a news conference Thursday Sept. 3 after announcing a decision to liquidate the company and hand over most of its assets, operations and workers to a company to be set up by its parent NKK Corp. The company's total liabilities are estimated to eclipse its combined assets by 46 billion yen.

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  • 1998/9/03 15:00:00
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