Nidec Shares Hit Decade Low as Delisting Risk Mounts
Shares of scandal-hit Nidec Corp. fell 6.6% on Tuesday to their lowest level since July 2016 amid concerns about the risk of delisting.
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Shares of scandal-hit Nidec Corp. fell 6.6% on Tuesday to their lowest level since July 2016 amid concerns about the risk of delisting.
The visit by star-studded Manchester City, the most successful English football team of recent times, was a highlight of Hong Kong’s football festival this summer. Supporters, sporting the club’s colours, flocked to Kai Tak Stadium, turning it into a sea of blue. Now, the club has plumbed the depths, found guilty by an independent tribunal of systematic breaches of the English Premier League’s financial rules over almost a decade. The affair has, with justification, been described as one of the...
Three of the six residential buildings at CK Asset’s “starter homes” project in Hong Kong will be demolished and rebuilt in what the developer called the most “time-saving” solution, two years after a scandal over substandard steel reinforcement work halted construction. The Buildings Department confirmed on Thursday that it had approved demolition plans for three blocks at the Anderson Road development in Kwun Tong, while remedial work was under way at the other three. Earlier investigations...
The Abu Dhabi-controlled club has protested its innocence throughout the long-running case, which dates back to 2018.
Tokyo, Oct. 2 (Jiji Press)--Japan's Financial Services Agency plans to issue a partial business suspension order to Tokyo-based Prudential Life Insurance Co., whose employees were found to have defrauded customers, sources said Friday. The FSA has found it necessary to have the company, which is part of the Japanese operations of U.S. giant Prudential Financial Inc., concentrate on rebuildi...
Kyoto, Sept. 30 (Jiji Press)--Nidec Corp. suffered a consolidated net loss of 564.6 billion yen in fiscal 2025, which ended in March this year, the scandal-hit major Japanese motor maker's securities report showed Wednesday. The red ink came as the Nidec group logged an impairment loss of 632.2 billion yen, according to the report, which was submitted to the Kanto Regional Finance Bureau the...
Kobayashi Pharmaceutical Co., the Japanese health products company that was at the center of a supplement contamination scandal involving suspected deaths, is said to be considering a potential buyout offer of more than ¥500 billion ($3.2 billion) by private equity investors.