Hitachi faces financial woes
China Daily | Updated: 2009-12-09 07:58
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A woman browses through DVDs manufactured by Hitachi Maxell Ltd at a shop in Tokyo. The firm aims to reverse a multi-decade strategy of expanding into everything from televisions to vacuum cleaners and nuclear reactors. Bloomberg News |
TOKYO: Hitachi Ltd, the unprofitable Japanese company with 927 business units, may need more funds to finance a revamp after selling a record 350.7 billion yen ($3.9 billion) in stock and bonds, analysts said.
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