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Article: 28 Firms Fall Short of Tokyo Stock Exchange's Listing Requirements.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- May 6, 2003
CopyrightCOPYRIGHT 2003 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 6--TOKYO--The Tokyo Stock Exchange (TSE) said Tuesday that 28 companies will be either delisted or moved to the Second Section from the First Section unless they raise their market capitalization to required levels within a set period of time.
The TSE said eight companies will be moved to the Second Section unless they increase their market capitalization to at least 2 billion yen in the nine months through next January in principle.
The eight companies are Azel Corp., Daito Woolen Spinning & Weaving Co., Nitto Seimo Co., Kanto Special Steel Works Ltd., Japan Bridge Corp., Ichida Co., Inui Steamship Co. and Generas Corp.
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