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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (4239)	2/12/2006 10:43:35 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 217754

telecomasia.net Livedoor likely to be de-listed Feb 13, 2006 Telecom Asia Daily (Associated Press via NewsEdge) The Tokyo Stock Exchange will probably delist disgraced Internet startup Livedoor and a subsidiary if prosecutors indict, as expected, its former president and other executives on accounting fraud charges, a report said. The stock has been under review since former company president Takafumi Horie and several deputies were arrested Jan. 23 on suspicion of violating securities laws by spreading false information, the Nihon Keizai newspaper reported citing unidentified sources at the Tokyo exchange, the world's second largest. The TSE didn't have sufficient reason to delist the shares earlier and had asked the company to submit more data for scrutiny. But an indictment by authorities may tip the balance, the newspaper said. The bourse may also move to delist in light of a complaint filed against the company by Japan's Securities and Exchange Surveillance Commission, it added. The delisting would affect Livedoor and its subsidiary Livedoor Marketing, the report said. TSE officials were unavailable for comment. Japan's securities watchdog earlier filed criminal complaints against Livedoor, Horie and the others on suspicion of releasing false information during the takeover of Money Life by subsidiary Livedoor Marketing in 2004.