Address

Precise Investors

Stocks & Shares

Airbag maker Takata shares dive on bankruptcy fears

Takata shares dived 16.5 per cent Monday in response to news reports that the troubled airbag maker plans to file for bankruptcy and sell its assets to a US company.

The stock finished the day at 404 yen (£2.84), tumbling by its maximum daily loss limit on the Tokyo Stock Exchange.

The Nikkei business daily has said the company, with liabilities exceeding one trillion yen, would make a formal decision about the bankruptcy filing at a board meeting this month.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

4 × 3 =