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BUSINESS
October 28, 1989 | SAM JAMESON, TIMES STAFF WRITER
The first foreign takeover of a Japanese firm listed on Tokyo's stock exchange was announced Friday as executives of Polly Peck International and Sansui Electric Co. said the British conglomerate would acquire a 51% controlling interest in the famous but ailing Japanese audio products firm next January. "All the beliefs that Japan is not receptive to an intelligent approach have been demolished," declared Asil Nadir, chairman of Polly Peck. He said the deal shows that Japan "is totally open."
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BUSINESS
December 17, 1990 | From Reuters
The chairman of Polly Peck, the collapsed fruit-to-electronics conglomerate, was charged by British police Sunday with theft and false accounting. Asil Nadir, a Turkish Cypriot-born businessman whose company was a stock market sensation of the 1980s, was formally charged after a day of questioning by detectives of Britain's Serious Fraud Office.
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BUSINESS
December 17, 1990 | From Reuters
The chairman of Polly Peck, the collapsed fruit-to-electronics conglomerate, was charged by British police Sunday with theft and false accounting. Asil Nadir, a Turkish Cypriot-born businessman whose company was a stock market sensation of the 1980s, was formally charged after a day of questioning by detectives of Britain's Serious Fraud Office.
BUSINESS
November 6, 1989 | SAM JAMESON, TIMES STAFF WRITER
In America's quest for a "level playing field" with Japan, few pieces of turf appear as steeply inclined in Japan's favor as foreign investment. As the cumulative total of all Japanese direct investment in the United States doubled in two years to $53 billion in 1988, U.S. investment in Japan rose by $2.7 billion to only $6.3 billion. Foreign investment in Japan is the equivalent of only about 0.3% of the gross national product--and that percentage is falling.
BUSINESS
November 6, 1989 | SAM JAMESON, TIMES STAFF WRITER
In America's quest for a "level playing field" with Japan, few pieces of turf appear as steeply inclined in Japan's favor as foreign investment. As the cumulative total of all Japanese direct investment in the United States doubled in two years to $53 billion in 1988, U.S. investment in Japan rose by $2.7 billion to only $6.3 billion. Foreign investment in Japan is the equivalent of only about 0.3% of the gross national product--and that percentage is falling.
BUSINESS
October 28, 1989 | SAM JAMESON, TIMES STAFF WRITER
The first foreign takeover of a Japanese firm listed on Tokyo's stock exchange was announced Friday as executives of Polly Peck International and Sansui Electric Co. said the British conglomerate would acquire a 51% controlling interest in the famous but ailing Japanese audio products firm next January. "All the beliefs that Japan is not receptive to an intelligent approach have been demolished," declared Asil Nadir, chairman of Polly Peck. He said the deal shows that Japan "is totally open."
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