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Home >> Business
UPDATED: 10:10, April 14, 2006
Japan's Livedoor delisted from stock exchange
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The scandal-involved Japanese Internet firm Livedoor Co. was delisted from the Tokyo Stock Exchange (TSE) on Friday, ending its six-year history as a listed firm.

Livedoor ended at 94 yen on its last trading day on the TSE's Mothers market for start-ups on Thursday, down nearly 600 yen before its accounting fraud went public in December 2005.

Its market capitalization plunged to some 98 billion yen (830. 51 million U.S. dollars) based on Thursday's closing price, down from more than 800 billion yen (6.78 billion dollars) in December. The delisting is expected to make the recovery of the once high- profiled company even more difficult.

Its branch Livedoor Marketing Co. was also delisted from the Mothers market Friday over alleged falsification of earnings figures.

The TSE announced last month to delist Livedoor as the company was accused of inflating its financial figures for the year through September 2004.

Source: Xinhua


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