Daiwa Overseas Fin - Customers' Bankruptcy Filing
February 10 1998 - 3:02AM
UK Regulatory
RNS No 7977j
DAIWA OVERSEAS FINANCE LTD
10th February 1998
The Daiwa Bank, Limited ("the Bank") has announced today that Hamoya Co, Ltd.
("the Company"), one of the Bank's customers, filed a voluntary bankruptcy.
1. Summary of the Company
Hamoya Co., Ltd
Head Office: 6-20 Kano-cho 2-chrome, Chuo-ku, Kobe-city, Japan
President: Seishi Li
Capital: 90 million yen
Business: Food processing and selling
Date of filing: February 3, 1998
Amount of the Bank's
Outstanding Loans: 2.9 billion yen
2. Impact on the Bank's financial condition
The Bank makes provision for possible losses incurred from the loans to the
Company in fiscal year 1997.
There is no material change in the earnings forecast for fiscal year 1997
(announced in November 1997).
The Daiwa Bank, Limited ("the Bank") has announced today that Jetour Corporation
("the Company"), one of the Bank's customers, filed a voluntary bankruptcy.
1. Summary of the Company
Jetour Corporation
Head Office: 2-4, Nishi-gotanda 5-chome, Shinagawa-ku, Tokyo
141, Japan
President: Kiyomi Sugahara
Capital: 1,272 million yen
Business: Travel
Date of filing: February 9, 1998
Amount of the Bank's
Outstanding Loans: 1.9 billion yen
2. Impact on the Bank's financial condition
The Bank makes provision for possible losses incurred from the loans to the
Company in fiscal year 1997.
There is no material change in the earnings forecast for fiscal year 1997
(announced in November 1997).
END
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