J Trust To Be New Sponsor Of Failed Takefuji

Takefuji Corp., a failed consumer loan company, announced that it made a new sponsorship agreement with J Trust Co., Ltd., a listed consumer lender. Korean financial institution A&P Financial Co., Ltd., once the sponsor of Takefuji, failed to meet the obligations under the sponsorship agreement. US buyout shop TPG Group was a the next best candidate after J Trust. Takefuji went bankrupt in September 2010.