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BUSINESS
Creditors Approve Nichi-Iko’s Turnaround Scheme, Grants Debt Waiver of 98.5 Billion Yen
Debt-heavy Nichi-Iko Pharmaceutical has earned the nod for its restructuring plan from its creditors and will thus proceed with an out-of-court revival scheme called the “alternative dispute resolution (ADR).” The revival plan was presented and approved at the third creditors’…
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