Tokyu Corp. said Wednesday it may replenish the capital base of its subsidiary, Tokyu Construction Co., a major construction firm whose large losses threaten to disqualify it from bidding for major public works projects.
Tokyu said in a statement it is considering enhancing Tokyu Construction's capital account to enable it to renew its license in July so that it will be entitled to bid for large-scale public works projects.
But the parent firm, which owns 63.4 percent of Tokyu Construction, said it has not received any specific request, including the amount of capital infusion, from the construction firm.
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