Japan's Lasertec denies Scorpion Capital allegation of improper accounting

Lasertec

05/06/2024 11:09

TOKYO, June 5 (Reuters) - Japanese microchip equipment
maker Lasertec  6920.T  said on Wednesday it "clearly" denies an
allegation of improper accounting practices raised by Scorpion
Capital. 
    "Earlier today, Scorpion Capital LLC issued a report
alleging that Lasertec Corporation committed improper accounting
practices and there is some media reporting related to it in
circulation," Lasertec said in a statement.
    "However, we clearly deny the allegation of improper
accounting practices."
    Ahead of the Lasertec announcement, shares of the
semiconductor gear maker closed down 7.5%.
    
    
 
    

 (Reporting by Kiyoshi Takenaka; editing by Jason Neely)
 ((kiyoshi.takenaka@thomsonreuters.com; +81 3 4563 2788;))