Geos Files For Bankruptcy

Geos Corp. said Wednesday it has filed for bankruptcy protection with the Tokyo District Court, saddled with debts of about 7.5 billion yen.

The operator of English conversation schools will hand over 230 schools in Japan to subsidiary G.communication Co. The rest will be closed.

G.communication, which took over schools from Nova Corp. in 2007 when the latter went under, manages about 470 English conversation schools.

http://e.nikkei.com/e/fr/tnks/Nni20100421D21SS663.htm

shares