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Airbag maker Takata dives 20% on bankruptcy fears

Tuesday, June 20, 2017 - 14:37

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[TOKYO] Takata shares dived again Tuesday, losing one-third of their value in just two days of trading on reports the troubled airbag maker will file for bankruptcy protection and sell its assets to a US company.

The embattled stock finished the day at 324 yen (S$4.02), tumbling by nearly 20 per cent - its maximum daily loss limit - on the Tokyo Stock Exchange, after it plunged 16.5 percent Monday.

AFP

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