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Taiwan: Typhoon Danas Batters Southern Region, Leaving Widespread Damage 3

Typhoon Danas made landfall near Chiayi's Budai Township around 11:40 p.m. on Sunday, July 6, bringing gusty winds and heavy rainfall to the southern region. Typhoon Danas weakened to a tropical storm after its eye departed Taiwan early Monday.

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Signboard and logo KUMAGAI GUMI CO.,LTD.

Signboard and logo KUMAGAI GUMI CO.,LTD.. ＝May 15, 2024, in Tokyo, Japan

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Signboard and logo KUMAGAI GUMI CO.,LTD.

Signboard and logo KUMAGAI GUMI CO.,LTD.. ＝May 15, 2024, in Tokyo, Japan

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Exterior of KUMAGAI GUMI CO.,LTD.

Exterior of KUMAGAI GUMI CO.,LTD.. ＝May 15, 2024, in Tokyo, Japan

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Signboard and logo KUMAGAI GUMI CO.,LTD.

Signboard and logo KUMAGAI GUMI CO.,LTD.. ＝May 15, 2024, in Tokyo, Japan

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Kumagai Gumi, Tobishima to scrap merger plan

TOKYO, Japan - Kumagai Gumi Co. President Kazutoshi Torikai (L) and Tobishima Corp. President Yoshiharu Tomimatsu tell reporters in Tokyo on Nov. 15 that the two struggling second-tier construction companies will scrap their merger plan set for April 1, 2005.

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Kumagai Gumi eyes 300 bil. yen bailout

TOKYO, Japan - Kazutoshi Torikai, president of ailing construction firm Kumagai Gumi Co., speaks at a news conference in Tokyo on April 4. He said the company will ask its main creditor banks for 300 billion yen in a financial bailout under a fresh three-year restructuring plan, while seeking a merger with industry peer Tobishima Corp.

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Kumagai Gumi wins informal OK from banks

TOKYO, Japan - Kazutoshi Torigai, president of troubled construction firm Kumagai Gumi Co., tells a press conference in Tokyo on Dec. 28 that the company's creditor banks have informally approved a revision to its restructuring plan. Under the new plan, Kumagai Gumi will ask its 15 creditor banks to forgive 430 billion yen in loans, down from the 450 billion yen it had previously requested.

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Kumagai Gumi to ask for 450 bil. yen debt waiver

TOKYO, Japan - File photo shows the Tokyo head office of debt-ridden contractor Kumagai Gumi Co., which sources close to the company said will request its major creditors to forgive debts totaling 450 billion yen as part of a rehabilitation plan.

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Kumagai Gumi, Tobishima to scrap merger plan

TOKYO, Japan - Kumagai Gumi Co. President Kazutoshi Torikai (L) and Tobishima Corp. President Yoshiharu Tomimatsu tell reporters in Tokyo on Nov. 15 that the two struggling second-tier construction companies will scrap their merger plan set for April 1, 2005. (Kyodo)

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Kumagai Gumi eyes 300 bil. yen bailout

TOKYO, Japan - Kazutoshi Torikai, president of ailing construction firm Kumagai Gumi Co., speaks at a news conference in Tokyo on April 4. He said the company will ask its main creditor banks for 300 billion yen in a financial bailout under a fresh three-year restructuring plan, while seeking a merger with industry peer Tobishima Corp. (Kyodo)

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Kumagai Gumi wins informal OK from banks

TOKYO, Japan - Kazutoshi Torigai, president of troubled construction firm Kumagai Gumi Co., tells a press conference in Tokyo on Dec. 28 that the company's creditor banks have informally approved a revision to its restructuring plan. Under the new plan, Kumagai Gumi will ask its 15 creditor banks to forgive 430 billion yen in loans, down from the 450 billion yen it had previously requested.

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Kumagai Gumi to ask for 450 bil. yen debt waiver

TOKYO, Japan - File photo shows the Tokyo head office of debt-ridden contractor Kumagai Gumi Co., which sources close to the company said will request its major creditors to forgive debts totaling 450 billion yen as part of a rehabilitation plan.