Kanebo Ltd, a textile company which aggressively venture into cosmetic and skin care product, involve in one of the Japan's biggest accounting fraud involving a non-financial firm.
Oriental Daily has reported that Tokyo Stock Exchange has started a delisting procedure against the company.
Sin Chew Daily yesterday reported than Japan government has start prosecuting executive involve in such scandal.
Industry player like Koa From Japan, Loreal from France, KOSE from Japan, P&G, Relvon and Johnson and Johnsom from US, are reported have been submitted a bit to acquired Kanebo.
Other than industry player. Financial Institution like Goldman Sachs, Investment Bankers from Japan and a few Private Equity Investment Fund also interested in Kanebo
Tag: Cosmetic : Beauty
