Calsonic Holdings, a major auto parts company whose management has deteriorated due to the impact of the new Corona, has been discussing with its financial institutions a rehabilitation plan that includes debt waivers, etc., based on a national system called Turnaround ADR. , I couldn't get consent from some.
Therefore, on the 24th, I applied to the Tokyo District Court for the application of the Civil Rehabilitation Law.
According to the people concerned, the total debt is expected to exceed 1 trillion yen.
In the future, the company plans to file a procedure called "simple rehabilitation" with the court, which may allow the rehabilitation plan to be approved in a shorter period of time while continuing the business, and aim for approval.