Preparatory school operator G.education has officially taken over NOVA, the failed operator of Japan’s largest English conversation school chain, company officials said.
The takeover took effect after a representative for G.education and receivers for NOVA signed an agreement on the handover on Tuesday.
Osaka-based NOVA filed for court protection from creditors under the Corporate Rehabilitation Law on Oct. 26. Receivers for NOVA decided on Nov. 6 to hand over its school chain to Nagoya-based G.education.
http://mdn.mainichi.jp/national/news/20071115p2a00m0na003000c.html