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Tokyo Stock Exchange delists bankrupt Elpida
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Elpida Memory has had its stock removed from the Tokyo stock market after filing for bankruptcy protection on February 27th 2011. Elpida began trading shares on the Tokyo Stock Exchange in November 2004 but has reported losses in all five quarters preceding December 31st 2011. Elpida has also taken the step of removing its trading shares from the Taiwanese Stock Exchange, a venture it began early in 2011. Taiwan-based manufacturing subsidiary Rexchip Electronics and supply-chain partners Powertech Technology and Powerchip Technology have come under increasing pressure following Elpida’s bankruptcy announcement.