PE-owned Japanese drug maker seeks bankruptcy protection
Kyowa Pharmaceutical Industry, a Japanese generic drug manufacturer owned by Unison Capital, has applied for alternative dispute resolution, an out-of-court process that allows companies to continue operations while negotiating with creditors on a restructuring.
An application was made on June 2 to the Japanese Association of Turnaround Professionals, a government-certified coordination body, sources familiar with the situation told Mergermarket, AVCJ’s sister...
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