TOKYO -- The Tokyo Stock Exchange will relax its rules on delisting and initial public offerings for an increasing number of companies whose earnings have been crushed by the economic impact of the novel coronavirus, Nikkei has learned.
Companies that have fallen into negative net worth, when liabilities exceed assets, will now have two years before their shares are delisted, up from one. The exchange will also be more flexible in applying criteria for judging the profitability of companies applying to list their shares.
