Airbag maker Takata shares plunge nearly 20% on bankruptcy report
Takata shares dropped nearly 20 percent on Thursday after a media report
Tokyo - Arab Today
Takata shares dropped nearly 20 percent on Thursday after a media report said the embattled Japanese airbag maker was considering filing for bankruptcy protection and then rolling its key businesses into a new company.
The stock price fell 19.53 percent to 412 yen ($3.70) -- the daily limit loss of 100 yen -- after the Tokyo Stock Exchange lifted a trading suspension in the afternoon.
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