Daio Paper, Hokuetsu Kishu agree on capital alliance

TOKYO, Japan - Daio Paper Corp. President Masayoshi Sako speaks during a press conference in Tokyo on June 26, 2012. The scandal-tainted company and Hokuetsu Kishu Paper Co. have agreed on a capital alliance in which Hokuetsu Kishu will become Daio's largest shareholder with a 22.12 percent stake.