TSE to delist Livedoor | 日本のニュースを英語で読むならジャパンタイムズウィークリー


	UPDATE: Saturday, June 12, 2010 The Japan Times Weekly 2006年3月18日号（バックナンバー）

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TSE to delist Livedoor

The Tokyo Stock Exchange said March 13 that it will delist scandal-tainted Livedoor Co. and subsidiary Livedoor Marketing Co. from its Mothers market for emerging firms April 14 due to alleged accounting fraud.

Taizo Nishimuro, TSE president、at a news conference in Tokyo on March 13

The long-expected decision by the nation's main stock exchange came after the Securities and Exchange Surveillance Commission filed a fresh criminal complaint against Livedoor and its former executives on similar charges earlier in the day.

The TSE will transfer Livedoor and Livedoor Marketing to its delisting post, where it will stay until April 13 to give shareholders time to sell holdings. The two firms will officially be delisted April 14.

"As far as I know, (Livedoor) concealed (corporate information) in a malicious manner and disclosed inaccurate information, which is unfortunate for 220,000 (Livedoor) stakeholders," TSE President Taizo Nishimuro said.

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