News

Japan Display in talks for $830 million in support of the return home: source

FILE PHOTO: a Japan Display’s logo is seen at its headquarters in Tokyo, Japan, from October 7, 2019. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) – Struggling Japan Display Inc., a supplier of Apple Inc, has been in the talks for a maximum of 90 billion yen ($830 million) in financial assistance from Ichigo Asset Management, a source with knowledge of the matter said on Thursday.

Japan Display, which last month reported its 11th straight quarterly loss, it said in a statement it was in talks with the soul society for their investments, and those planned, to discuss and reach a basic agreement on a fund for the acquisition of the asset is solid, at a meeting of the board on Thursday.

She added that the 90 billion euro figure was not something the company had previously announced.

The source requested anonymity because the talks are private.

Reporting Makiko Yamazaki, and Chris Gallagher; Editing by Sandra Maler

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular