• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Feb 29, 2012, 08.26 AM | Source: Reuters

Elpida shares plunge 98 pct after bankruptcy filing

ELPIDA-SHARES:Elpida shares plunge 98 pct after bankruptcy filing

Like this story, share it with millions of investors on M3

Elpida shares plunge 98 pct after bankruptcy filing

ELPIDA-SHARES:Elpida shares plunge 98 pct after bankruptcy filing

Post Your Comments

Share Cancel

TOKYO (Reuters) - Shares of Elpida Memory Inc shed more than 98 percent on Wednesday as investors dumped the stock after it filed for bankruptcy protection early in the week and media reports indicated it would be preparing a rehabilitation plan over the next six weeks.

Elpida opened down 98.1 percent at 5 yen in heavy trade after remaining untraded for most of the morning session with a glut of sell orders.

The Tokyo bourse has said there was no longer any daily limit for the stock's price moves.

The cash-strapped chipmaker filed for protection from creditors on Monday with $5.6 billion in debt, saying potential partners failed to come through to rescue it.

(Reporting By Mari Saito; Editing by Edmund Klamann)

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Elpida shares plunge 98 pct after bankruptcy filing

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login