Autoparts maker Takata mayfile for bankruptcy next Monday, media reports stated on Thursday. Shares of the company closed 54.92 percent down at 110 yen.
Wanda Film Holding shares were suspended from trade on the Shenzhen exchange after tumbling 10 percent. Bonds issued by the Dalian Wanda Group declined by 1.8 percent today, Reuters said.
The company said in a statement that there had been internet speculation about its bonds, but Dalian Wanda added that those were "just rumors" and that "all (of its) operations are fine."
In currency news, the dollar traded at 97.494 against a basket of rivals, edging lower from a high of 97.802 seen in the last session. The greenback was softer against the yen, which traded at 111.14 to the dollar at 2:35 p.m. HK/SIN.
The New Zealand dollar reached $0.7275, near a four-month high, after the Reserve Bank of New Zealand kept interest rates on hold compared to levels around the $0.721 handle seen earlier. The Kiwi dollar last traded at $0.7251.
Meanwhile, the British pound traded at $1.2668 at 2:35 p.m. HK/SIN, compared to levels around the $1.262 handle seen earlier this week.
The sterling's gains followed hawkish remarks from Bank of England Chief Economist Andy Haldane that he would back raising interest rates later this year. BOE Governor Mark Carney had earlier said that it was not the right time to raise rates yet.
On Wall Street, equities ended mostly lower as energy stocks remained under pressure due to low oil prices.
On the economic calendar for Thursday, the Philippine central bank makes its policy decision at 4:00 p.m. HK/SIN. Hong Kong releases first quarter current account data at 4:30 p.m. Taiwan's central bank will announce its policy decision after the market close at 5:25 p.m.