Sanyo Electric releases restructuring plan

OSAKA, Japan - Tomoyo Nonaka (L), chairman of Sanyo Electric Co., and President Toshimasa Iue hold a press conference at the company headquarters Sept. 28. Sanyo released details of its restructuring plan ranging from the closure of factories in Japan and China and delisting of its shares from European stock exchanges to selling or securitization of assets, including its headquarters.

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