Daio Paper, Hokuetsu Kishu agree on capital alliance

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.

Hokuetsu Kishu to become largest stockholder of Daio Paper

Hokuetsu Kishu to become largest stockholder of Daio Paper

TOKYO, Japan - Photo shows a building housing the Tokyo headquarters of Daio Paper Corp. in Tokyo's Chuo Ward on June 20, 2012. Hokuetsu Kishu Paper Co. is considering purchasing a stake of around 20 percent in scandal-tainted Daio Paper for around 10 billion yen to become its largest stockholder, a company source said the same day.

Hokuetsu Kishu to become largest stockholder of Daio Paper

Hokuetsu Kishu to become largest stockholder of Daio Paper

TOKYO, Japan - Photo shows the headquarters of Hokuetsu Kishu Paper Co. in Tokyo's Chuo Ward on June 20, 2012. Hokuetsu Kishu Paper is considering purchasing a stake of around 20 percent in scandal-tainted Daio Paper Corp. for around 10 billion yen to become its largest stockholder, a company source said the same day.

Rivalry intensifies as Hokuetsu refuses to back Daio Paper chief

Rivalry intensifies as Hokuetsu refuses to back Daio Paper chief

Undated photos show Daio Paper Corp. President Masayoshi Sako (L) and Hokuetsu Kishu Paper Co. President Sekio Kishimoto. Hokuetsu has refused to support the reappointment of Sako as Daio president, sources close to the matter said on June 16, 2015. Hokuetsu is Daio's top shareholder with a stake of over 20 percent. (Kyodo) ==Kyodo