Elpida shares tumbled 98% after applying for bankruptcy protection

Note: This section contains information in English only.
Source: BBC
Elpida shares tumbled on the Tokyo Stock Exchange after announcement that the company filed for protection against bankruptcy. The shares of the company lost 98% attaining 5 Yen. The TSE reported Elpida will be delisted for the exchange starting from 28 March. The company applied for bankruptcy protection as it has to repay 448 billion Yen of debts. Currently, Japan's government has not provided any information on whether it plans to bailout Elpida.

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