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Stocks

Takata set for delisting July 27

Shares poised for tumble Tuesday as investors liquidate holdings

| Japan

TOKYO -- Takata will be removed from the Tokyo Stock Exchange on July 27, the bourse said Monday, citing the embattled autoparts maker's filing for bankruptcy protection that day.

The shares, now listed on the exchange's first section, ended last week at 160 yen. The stock has plunged by two-thirds from its close June 15 -- just before news emerged of Takata solidifying plans for a protection filing -- as investors scrambled to cash out. Though trading was halted for the day Monday, investors still could place orders, and a wave of sell orders pushed the quoted price of the shares limit-down to 110 yen. Trading resumes Tuesday.

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