Takata shares to be delisted on 27 July; share trading suspended whole day today
26 JUN 2017
The Tokyo Stock Exchange has decided to delist the shares of Japanese auto airbag maker Takata Corp [TYO: 7312] on 27 July, following the company's filing of an application to the Tokyo District Court for bankruptcy court protection earlier today (26 June), the exchange said in a statement.
The Japanese auto airbag maker earlier today, along with two subsidiaries in Japan and 12 overseas, filed for court-protected rehabilitation in Japan, and the court has issued an order of protection on Takata's assets from its creditors.
The stock exchange also placed the Takata shares in trading suspension today (26 June) for the entire day, according to the statement.
From 26 June until 26 July, the shares will be in the designated period for delisting, the statement said.