Sumitomo to invest in Taiwan's top electric bus-maker

Business / Corporate Nov 13, 2019

Sumitomo to invest in Taiwan's top electric bus-maker

Trading house Sumitomo Corp. will spend some ¥500 million ($4.5 million) by February 2020 to acquire a 6.7 percent stake in Taiwan's top electric bus-maker, RAC Electric Vehicles Inc. The two will seek to capitalize on the Taiwan government's plan to replace 15,000 conventional buses ...

Banks to extend support for struggling Japan Display

Business / Corporate Jul 23, 2019

Banks to extend support for struggling Japan Display

Three main credit banks for Japan Display Inc. are poised to continue supporting the struggling maker of small and midsize liquid crystal display panels, it was learned Monday. Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. and Sumitomo Mitsui Trust Bank Ltd. will extend their commitment ...