Hong Kong fund to provide up to $180 million in aid to struggling Japan Display
Japan Display Inc. said Friday it will receive around $150 million to $180 million in financial aid from a Hong Kong-based fund as it scrambles to secure funds under its bailout plan. Oasis Management Co. will provide the aid unless “a major client” stops purchasing ...
Sharp to consider investing in Japan Display if asked, CEO says
Sharp Corp. CEO and Chairman Tai Jeng-wu said Tuesday his company will consider investing in Japan Display Inc. if the struggling display maker asks for financial aid. Tai made the remark at Sharp's business strategies briefing held after the company's annual shareholders meeting in Sakai, ...
Taiwanese fund drops out of bailout consortium for Japan Display
Japan Display Inc. said Tuesday that a Taiwanese private equity fund has dropped out of a bailout consortium, further clouding the outlook for the struggling panel-maker. The exit by CGL Group follows the departure of Taiwan's TPK Holding Co. last week from the consortium that ...
Chinese fund Harvest Tech to raise investment in Japan Display to ¥64 billion
Japan Display Inc. said Wednesday that Chinese investment fund Harvest Tech Investment Management Co. will increase its investment in the ailing Japanese company to a maximum of ¥64 billion. JDI reached a basic agreement in April to receive up to ¥80 billion in financial support ...
Apple is considering providing aid to struggling Japan Display, WSJ reports
Apple Inc. has shown a willingness to help its cash-strapped supplier Japan Display Inc., The Wall Street Journal reported Tuesday. While Apple has agreed to loosen the repayment terms for its loans extended to Japan Display, the U.S. tech giant may also consider waiving some ...
China's Harvest Tech investment fund postpones decision on ¥80 billion package for Japan Display
The move by the fund, part of a consortium, means Japan Display failed to formally secure needed funding ahead of its annual shareholders’ general meeting Tuesday.
Company in China-Taiwan group forgoes assistance to Japan Display, leaving bailout up in the air
A Taiwanese company that is part of a consortium planning to offer bailout funds to struggling Japan Display Inc. has decided to forgo providing the funds, sources said Saturday. The move deepens uncertainty over whether the maker of smartphone screens and Apple Inc. supplier can ...
Japan Display CEO to quit as struggling screen-maker plans more job cuts
Japan Display Inc., a supplier to Apple Inc., said Wednesday its CEO will quit in September to take responsibility for years of net losses as it unveiled additional restructuring measures and raised the number of domestic job cuts to 1,200. The latest reduction, up from ...
Japan Display hopes to secure financial aid from China-Taiwan group in June
Japan Display Inc. said Thursday it will secure a capital injection from a Chinese-Taiwanese consortium next month. The struggling display-maker, which is a supplier to Apple Inc., has been told by the consortium that a formal decision on the financial aid will be reached by ...
Japan Display inks deal for ¥80 billion bailout by Chinese and Taiwanese firms
Japan Display Inc. has signed a deal to receive an ¥80 billion ($715 million) capital injection from a group of Chinese and Taiwanese firms, leaving its revival, initially planned under a Japanese government-backed fund, in the hands of foreign companies. Japan Display, a key supplier ...
LCD maker Japan Display reaches bailout deal with China-Taiwan consortium
Display panel maker Japan Display Inc. has reached a broad agreement to receive a capital injection of ¥60 billion ($538 million) to ¥80 billion from a Chinese-Taiwanese consortium, a source close to the matter said Wednesday. The company, known as JDI, is a key supplier ...
LCD maker Japan Display, a key Apple supplier, plans ¥110 billion bailout deal this week
Display panel maker Japan Display Inc., a key supplier of Apple Inc., said Monday it is aiming to agree this week on a bailout of more than ¥110 billion ($989 million) from a group of Chinese and Taiwanese companies and an investment fund backed ...
