Daiei shareholders approve new revival plan

Daiei shareholders approve new revival plan

KOBE, Japan - Shareholders of Daiei Inc. head to attend a shareholders' meeting in Kobe, western Japan, on May 23. Shareholders gave the nod to the ailing supermarket chain operator's new three-year restructuring program featuring a 99% capital cut and 520 billion yen in financial support from its three main creditor banks.

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