Japan’s Funai Electric Begins Liquidation Proceedings
Japan’s long-standing electronics OEM producer, Funai Electric has started its bankruptcy proceedings, after receiving court approval on Thursday, as reported by Japanese media. For the year ended March 2024, Funai Electric reported a net loss of 13.1 billion yen, or about US$86 million (~RM373 million), the company revealed in a press statement back in August. […]