Key facts
- IHI shares fell in Japan.
- The Japan Aerospace Exploration Agency (JAXA) imposed a five-month bidding ban on IHI.
- The ban is related to alleged bid-rigging concerning rocket launch services.
Shares of IHI, a Japanese company, experienced a decline in trading following the imposition of a five-month bidding ban by the Japan Aerospace Exploration Agency (JAXA). This regulatory action is reportedly a consequence of alleged bid-rigging activities concerning the provision of rocket launch services. The ban will prevent IHI from participating in JAXA's bidding processes for a significant period.