Haseko unveils new reform plan

Haseko unveils new reform plan

TOKYO, Japan - Toshihjisa Dake, president of struggling condominium developer Haseko Corp., unveils a sweeping restructuring plan at a news conference in Tokyo on Feb. 21. The program calls for 150 billion yen in financial support from major creditor banks and a 10% cut in personnel expenses in three years.

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  • Kyodo / Kyodo News Images
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