Tokyo - The Tokyo Stock Exchange said on Friday it would
allow scandal-hit Olympus Corp to remain listed, although it placed the company
on its “security on alert” list for firms it believes are in urgent need
of improving internal management.
Under this probationary status Olympus, engulfed in a $1.7bn
accounting fraud, will have to submit improvement reports for three years but
is in less immediate danger of being delisted than its previous status on the
bourse's supervisory watchlist.
The bourse also said it would fine the medical and endoscope
maker ¥10m.
The stock exchange said it will hold a news conference from
09:30 GMT.
Olympus has lost about 50% of its market value since the scandal first erupted in October, when it fired British CEO Michael Woodford for questioning dodgy acquisition deals.