Princeton fallout:
Tuesday September 14, 4:14 am Eastern Time
Nidec says holds 2 bln yen of Princeton notes
TOKYO, Sept 14 (Reuters) - A Japanese specialised maker of precision motors, Nidec Corp , said on Tuesday it holds two billion yen worth of notes issued by Princeton Economics International which could hurt its earnings in the year to next March.
The U.S. investment firm is being investigated over a scheme that U.S. prosecutors say may have cheated Japanese investors out of $1 billion.(cont)
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Tuesday September 14, 3:51 am Eastern Time
Gun-Ei Chem to incur Y11.79 bln H1 special loss
TOKYO, Sept 14 (Reuters) - Gun-Ei Chemical Industry Co Ltd said on Tuesday it would incur an extraordinary loss of 11.79 billion yen in the six months to September as a result of Princeton notes it holds to that value.
The issuer of the notes, U.S. investment firm Princeton Economics International, is being investigated over a scheme that may have cheated Japanese investors out of $1 billion.(cont)
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Monday September 13, 11:57 pm Eastern Time
Amada Washino, Kissei hold Princeton notes
TOKYO, Sept 14 (Reuters) - Japanese machine tool maker Amada Wasino Co Ltd said on Tuesday it holds three billion yen of notes issued by U.S. investment firm Princeton Economics International, which is being investigated over a scheme that may have cheated Japanese investors out of $1 billion.
Amada Wasino said its earnings results for the year to next March may be hurt, though it said it would be some time before it could disclose the exact impact.
Amada Wasino is owned 18.1 percent by Amada Co Ltd , which on Monday said it held six billion yen of Princeton notes.(cont)
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