Japan's Tateru tumbles on loan scandal, stake sale in GA Technologies
11/09/2018 08:47
** Property start-up company Tateru Inc 1435.T dives 16.33
pct to 410 yen, lowest since January 2016
** Tateru declines for seventh straight session, shedding 74
pct during the period, after it admitted on Aug. 31 to tampering
with a customer's loan documents to make the mortgage
application more likely to pass underwriting
** Tateru sold all of its 7.05 pct stake in GA Technologies
3491.T , according to regulatory filings and companies' press
releases on Monday
** GA Technologies, which is engaged in development and
operation of used real estate distribution platform, was listed
on Tokyo's Mother's market in July
** As of previous close, Tateru's stock had fallen 75.51 pct
so far this year
** Tateru has underperformed the Tokyo SE TOPIX Construction
Stock Price Index sector .ICNST.T by 74.8 pct points in the
past one month
** As of 06:00 GMT, about 24.97 mln shares of the company
have been traded, about 495.1 pct of their 30-day moving average
of 5.04 mln shares a day
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