Takata shares soar 18% on bankruptcy plan denial
Tokyo economy
Tokyo - Arab Today
Takata shares surged 18 percent on Wednesday after the embattled airbag maker denied it would enter into a potentially lengthy court-mediated bankruptcy restructuring.
The Tokyo-listed stock, which had lost more than half its value in the past week, jumped by its maximum daily limit to 519 yen, after the firm at the centre of the auto industry's biggest-ever safety recall issued a statement on its turnaround plans.
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The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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