ILEA000008337: Time-honored Beppu hotel to apply for court protection

Universal Beijing Resort kicks off 1st Spring Carnival

STORY: Universal Beijing Resort kicks off 1st Spring Carnival SHOOTING TIME: March 30, 2024 DATELINE: March 31, 2024 LENGTH: 00:00:51 LOCATION: Beijing CATEGORY: CULTURE SHOTLIST: 1. various of the Spring Carnival at the Universal Beijing Resort 2. SOUNDBITE (Chinese): Tourist 3. various of the Spring Carnival at the Universal Beijing Resort 4. various of the Universal Beijing Resort STORYLINE: Universal Beijing Resort on Saturday kicked off its first-ever Spring Carnival featuring festive characters, parade, food, dancing, and more. SOUNDBITE (Chinese): Tourist "I just danced for a while with my friends. These characters are difficult to meet if there's no meet and greet. Through this carnival, we can interact with them face to face." The carnival will last through May 26. The Universal Beijing Resort, the fifth Universal Studios theme park globally, began formal operations in September 2021. Xinhua News Agency correspondents reporting from Beijing. (XHTV)

Hong Kong's court orders Evergrande Group to liquidate

STORY: Hong Kong's court orders Evergrande Group to liquidate SHOOTING TIME: Earlier footage DATELINE: Jan. 29, 2024 LENGTH: 0:00:32 LOCATION: HONG KONG, China CATEGORY: LAW SHOTLIST: 1. various of the High Court of the Hong Kong Special Administrative Region (HKSAR) 2. various of the Evergrande Group STORYLINE: The High Court of the Hong Kong Special Administrative Region (HKSAR) on Monday held a hearing for the winding-up petition against China Evergrande Group, ordering the company to liquidate. Evergrande, with debts exceeding 300 billion U.S. dollars, had previously faced a liquidation application from its creditors and was preparing a new debt restructuring plan. The liquidation petition hearing resumed in the High Court on Monday, where Judge Linda Chan Ching-fan pointed out that Evergrande's debt restructuring plan lacked progress and that the company's assets were insufficient to cover its debts. The court plans to convene in the afternoon of Monday to handle regulatory orders and issu

Tokyo Mutual fails with liabilities of 980 bil. yen

TOKYO, Japan - Kenichi Nakamura, president of Tokyo Mutual Life, bows at a news conference at the head office of the Bank of Japan in Tokyo on March 23. The midsize life insurer filed for court protection from creditors with the Tokyo District Court earlier in the day under fast-track legislation aimed at dealing with troubled financial institutions with total liabilities of 980.2 billion yen.

Seagaia resort group files for bankruptcy protection

MIYAZAKI, Japan - A group of women visits Ocean Dome, part of the Seagaia resort complex in Miyazaki Prefecture, on Feb. 19. The complex is operated by the semipublic Phoenix Resort Ltd. which along with two Seagaia group firms filed for bankruptcy protection with the Miyazaki District Court the same day. A Seagaia group spokesman said the three companies' liabilities are estimated at 326.1 billion yen, making it the largest failure for a semipublic entity.

Akai Electric files for court protection

TOKYO, Japan - Koichi Enomoto (L), president of Akai Electric Co., a leading producer of audio equipment and videocassette recorders, speaks at a news conference at the Tokyo Stock Exchange on Nov. 2 after the company filed for court protection from creditors, with 47 billion yen in debt.

Chiyoda goes bust, President Yoneyama bows deeply

TOKYO, Japan - Reiji Yoneyama, president of Chiyoda Mutual Life Insurance Co., bows deeply at a press conference on Oct. 9, after the midsize life insurer filed for court protection from creditors with liabilities of 2,936.6 billion yen. The nation's 12th largest life insurer went bust under mountains of nonperforming loans accumulated during the asset-inflated bubble economy.

Shoppers flock to Sogo's Yurakucho store for closing sale

TOKYO, Japan - More than 2,000 shoppers line up Sept. 3 before the doors opened at failed department store operator Sogo Co.'s Yurakucho outlet for the start of a 15-day going-out-of-business sale. The giant Osaka-based retailer decided to close the 43-year-old store on Sept. 24 as part of its rehabilitation plan. The Sogo group filed for protection from creditors with the Tokyo District Court in July, saddled with 1.87 trillion yen in debt.

Lower house panel holds heated deliberations on Sogo collapse

TOKYO, Japan - Kimitaka Kuze, chief of the Financial Reconstruction Commission, on July 17 responds during intense deliberations at the House of Representatives Committee on Finance on the collapse of major department store operator Sogo Co. Sitting right is Finance Minister Kiichi Miyazawa. Saddled with debts of 1.87 trillion yen, Sogo filed for court protection July 12 in the face of growing public criticism of its original rehabilitation scheme that would have involved the use of taxpayers' money to waive part of its debts.

JDC applies for court protection

JDC Corp. (shown), a financially troubled midsize construction company, effectively goes bankrupt Dec. 1 with debts totaling 406.7 billion yen. JDC, a Tokyo-based company listed on the First Section of the Tokyo Stock Exchange, filed with the Tokyo District Court for protection from creditors under the Corporate Rehabilitation Law. JDC has been laden with a large burden of debts and debt guarantees since it aggressively diversified into golf course projects and overseas building projects in Southeast Asia and Australia in the asset-inflated bubble economy period of the late 1980s. ==Kyodo

Time-honored Beppu hotel to apply for court protection

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