FilingReader Intelligence
Showa Holdings affiliate faces receiver petition in Bangkok
August 19, 2025 at 12:06 PM UTC•By FilingReader AI
J Trust Asia filed a receiver petition against Showa Holdings' equity-method affiliate Group Lease PCL in Bangkok bankruptcy court.
J Trust Asia, which acquired $210 million of Group Lease's convertible bonds, alleges the company manipulated financial statements to induce investment and continues filing lawsuits in multiple countries.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
TSE:5103•Tokyo Stock Exchange
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