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Four Okinawan bus companies to mergeDate Posted: 1999-08-27 The merger was initially proposed last December by the Okinawa General Bureau in order to reduce the debts each company was accumulating. Earlier they had assumed by selling off their buses, the debts would be reduced significantly and the revenue from the sale used to finance the new company. However, the new company will not consolidate the debts and with only a limited budget, plans to request financial support from the National Treasury and the Okinawa Development Financial Corporation. The merger will not affect charters, and current employees from all four companies will continue to work for the new company. |
   
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