Asahi Mutual Life to seek 150 bil. yen from 3 banks

Asahi Mutual Life to seek 150 bil. yen from 3 banks

TOKYO, Japan - Asahi Mutual Life Insurance Co. President Yuzuru Fujita announces a fresh restructuring package, featuring a capital injection of 150 billion yen from three banks and a deep cut in its heavy equity holding losses, at a news conference in Tokyo on Feb. 15.

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