Asahi Kasei Had Biggest Drop in 16 Years on Tilted Building

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  • Asahi Kasei says its unit didn't properly lay out foundation
  • Asahi Kasei subsidiary will bear all the costs for repairs

Shares of Asahi Kasei Corp. had the biggest decline in more than 16 years after a unit that did subcontracting work said it didn’t properly install foundation piles at an apartment building in Yokohama that has tilted.

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