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Shuwa Ruling Poses Challenge to Way Business Is Done in Japan

July 27, 1989|KARL SCHOENBERGER | Times Staff Writer

Although Kobayashi has hinted at the possibility of selling off his shares to major national retail chains, such as Seibu/Saison Group or Daiei Inc., his strategy from now on is not clear, nor is it certain that he can continue to buy shares on the open market.

"Regardless of who is the winner or loser, I think that the Shuwa case will be a positive factor in vitalizing the Japanese securities market," Rinichi Kanzaki, an investment consultant, said in a television interview. "Japanese companies cannot live in an environment of peace and quiet forever."

SHUWA HOLDINGS

Shuwa Investments Corp., the U.S. subsidiary of Shuwa Corp. of Tokyo, owns 35 properties in the United States valued at $2.7 billion. Some of the key properties are:Arco Plaza, Los Angeles

1900 Avenue of the Stars, Century City

Chase Plaza, Los Angeles

19000 MacArthur Building, Irvine

Taco Bell Building, New York

ABC Building, New York

Mellon Financial Center, New York

U.S. News & World Report Building, Washington D.C.

Embassy Suites Hotel, Washington D.C.

Paine Webber Building, Boston

Quaker Tower, Chicago

Source: Shuwa Investments Corp.

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