Brief: Akebono Brake Industry Seeking Financial Relief From Bank Lenders - Nikkei

Akebono Brake Industry Co

29/01/2019 18:20

Jan 29 (Reuters) - Nikkei:
    * AKEBONO BRAKE INDUSTRY IS SEEKING A CAPITAL INFUSION FROM
TOP
SHAREHOLDER TOYOTA MOTOR AND FINANCIAL RELIEF FROM BANK LENDERS
- NIKKEI
    * AKEBONO IS EXPECTED TO ASK LENDERS FOR A MORATORIUM ON
REPAYING
LOAN PRINCIPAL AND HAS APPROACHED TOYOTA ABOUT A POSSIBLE
CAPITAL INCREASE - NIKKEI
    * AKEBONO FILED FOR AN OUT-OF-COURT TURNAROUND PROCESS WITH
A
STATE-CERTIFIED THIRD-PARTY BODY ON TUESDAY - NIKKEI
    * AKEBONO'S PROSPECTS FOR REPAYING INTEREST-BEARING DEBT,
WHICH
TOTALED 108.3 BILLION YEN AS OF SEPT. 30, ARE NOW UNCERTAIN -
NIKKEI
    * WORKOUT SCHEME AKEBONO FILED FOR TUESDAY TARGETS CLAIMS
HELD BY
BANKS, SO IT WILL NOT AFFECT ACCOUNTS RECEIVABLE HELD BY
SUPPLIERS - NIKKEI

Source text: https://s.nikkei.com/2MDYlhE
Further company coverage:  7203.T 

 ((Reuters.Briefs@thomsonreuters.com;))