Daiichi Chuo Shares Halted After Nikkei Report on Bankruptcy

Updated on
  • Company to seek bankruptcy protection Tuesday, Nikkei says
  • Daiichi Chuo may have as much as 120 billion yen in debt

Daiichi Chuo KK was halted from trading in Tokyo after the Nikkei newspaper reported the Japanese shipping line may seek bankruptcy protection as early as Tuesday amid a drop in freight rates.

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