Posted on: Thursday, May 22, 2003

BUSINESS BRIEFS
City Bank says vote total illegal

Advertiser Staff

City Bank, in another move to defend itself against a hostile takeover attempt by local rival Central Pacific, said yesterday that Central Pacific may have broken the law by soliciting support from too many City Bank investors.

City Bank claims Central Pacific has become the designated voter for shares of 11 City Bank investors but that federal law caps the number of solicited voters at 10 that Central Pacific can represent.

Central Pacific officials last night called the claims erroneous. It said one of the 11 designees is itself and therefore the cap for solicited voters was not exceeded.

New Z-Interiors store to open

C.S. Wo & Sons is set to open a new flagship Z-Interiors showroom on Ward Avenue and Queen Street tomorrow after a more than

$1 million renovation of a frozen foods warehouse.

The 23,000-square-foot gallery features contemporary furniture previously available in other C.S. Wo galleries.

C.S. Wo operates HomeWorld, C.S. Wo Gallery, Furnitureland, Sleepland USA, SlumberWorld and La-Z-Boy Furniture Galleries.

ANA adding Tokyo flight

All Nippon Airways Co., Japan's second-biggest carrier, said today that it will boost services between Tokyo and Honolulu to two flights a day from one, citing stronger demand.

The carrier said in a press release it will offer the increased flights between Aug. 1 and Oct. 25.