Takata shares dive 17% on bankruptcy restructuring report
Tokyo economy
Tokyo - Arab Today
Takata shares plunged 17 percent Thursday on a report that two suitors are set to propose a bankruptcy restructuring plan for the airbag maker at the centre of the biggest-ever auto safety recall.
The stock fell by its maximum daily loss limit to close at 717 yen, after trading was suspended in the morning session following the rescue plan report by Japan's Nikkei business newspaper.
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