Silver OX (8024.T) : the bankruptcy procedure start to the Osaka district court on the first.

It was announced that it stated, and it had been decided on the same day. Liabilities are 5.7 billion yen. When the financing came to a standstill, it is Iu.

It is established in August, 1948, and in this company, correspondence is delayed also behind the change in user's buymanship besides the major discount house who is the main customer falls in the slump, and the top line a setback though clothes in a wide field have been sold from the underwear to the jacket. It came to put out the dishonored bill of the first time in July this year though the real estate clearance and the employment cost reduction, etc. had been executed.

When did the clarification of no advancement by the financing negotiation with the financial institution etc. , and the working capital fund shortages, it is Iu though the effort of the financing has been continued as the consolidated subsidiary divests it.

TSE announced that they stopped the buying and selling of Silver OX temporarily at 8:20AM because the announcement concerning the statement of the bankruptcy procedure start had been done on the first.

Reuters
http://jp.reuters.com/article/topNews/idJPJAPAN-11274420090901

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