Hokuetsu Kishu won’t merge with Daio Paper because of debt, says president [From the web]

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Hokuetsu Kishu won’t merge with Daio Paper because of debt, says president [From the web]

August 10, 2015 - 14:46

TOKYO, 7 August 2015 (Local News) - Hokuetsu Kishu Paper Co. has no plans to merge with Daio Paper Corp. anytime soon, the president of Hokuetsu, the fifth-largest paper-maker in Japan, said in a recent interview.

Hokuetsu has a stake of over 20 percent in Daio, the fourth-biggest paper-maker.

Hokuetsu President Sekio Kishimoto explained that Daio has large debts and is still influenced strongly by its founding family.

Japan Times - Hokuetsu Kishu won't merge with Daio Paper

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