Twelve Companies Show Interest to Sponsor NOVA

Sunday, November 4, 2007 Posted: 08:50 PM JST

Twelve companies have applied to sponsor the rehabilitation of the failed foreign-language school NOVA Corp., Japanese media reports today. NOVA was granted protection from creditors on October 26.

According to court-appointed administrators some of the companies made specific proposals. The value of Nova's assets, however, has not been assessed, creating great uncertainty about Nova's rehabilitation.

Keywords: national_news

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