Japan Display Inc. is planning to receive a bailout of up to ¥80 billion ($724 million) from a group of Chinese and Taiwanese companies in a bid to improve its competitiveness against South Korean rivals, sources close to the matter said Tuesday.
The group, including China’s state-owned Silk Road Fund and Taiwan’s TPK Holding Co., which supplies touch panels for smartphones, is planning to own 30 to 50 percent of Japan Display, an Apple Inc. supplier, the sources said.
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