Possible Nova-HIS tieup(2007)

from Japanese TV news,

according to you tube,
extending assistance to Nova Corp, a scandal-tainted operator of foreign language schools, in the form of a business tie-up or financial assistance, sources close to the matter said Monday. H.I.S. Chairman Hideo Sawada met with Nova President Nozomu Sahashi in late June in Tokyo to ask about Nova's financial conditions as he pondered a possible move to salvage Nova, according to the sources.

Assistance from H.I.S. could prove to be a godsend for Nova, which is in desperate need of raising funds in order to shore up its sagging operations after the government ordered it to suspend part of its operations as a penalty for fraudulent business practices, the sources said. An alliance with Nova will likely be appealing for H.I.S. because customers studying foreign languages at Nova could bring in new travel business for the tourist agency, industry observers say.

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