Once a month, bank officials in charge of struggling Daiei Inc.'s financial affairs hold a meeting to assess how well the leading supermarket chain is rebuilding.
The four main banks, including UFJ Bank and the government-affiliated Development Bank of Japan, created a reconstruction fund, Akatsuki Capital, in 2002. The fund holds a 20 percent equity stake, making it Daiei's largest shareholder.
Sometimes, Daiei executives are asked to attend the meeting to give details of the company's performance and outline future business plans.
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