Chinese-Taiwanese group to make formal decision for Japan Display deal in June: Nikkei

FILE PHOTO: Japan Display Inc’s logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) – A Chinese-Taiwanese investor consortium has told Japan Display Inc that it would make a formal decision whether to invest in the Apple Inc supplier by June 14, the Nikkei business daily reported on Thursday.

The group had delayed an up to 80 billion yen ($729.33 million) investment, planned as part of a rescue deal, as it wanted to reassess Japan Display’s prospects.

A Japan Display spokesman told Reuters that the report is not something the company has announced.

Reporting by Makiko Yamazaki; Editing by Christopher Cushing

Leave a Reply

Your email address will not be published. Required fields are marked *