Japan Display considers deeper restructuring, seeks more funding: Nikkei

FILE
PHOTO – Japan Display Inc’s logo is pictured at its headquarters
in Tokyo
Thomson
Reuters

TOKYO (Reuters) – Japan Display Inc is considering deeper
restructuring than first planned and has asked a state-backed
fund for help after losing business with Apple Inc due to its
late entry into OLED technology, the Nikkei business daily
reported.

Shares in the company climbed 12 percent in morning trade.

In addition to the Innovation Network Corp of Japan (INCJ), a
government-led technology venture which extended the panel maker
a lifeline last year, it has also approached other investment
funds and is looking at capital and business tie-ups,…

Read the full article at: http://www.businessinsider.com/r-japan-display-considers-deeper-restructuring-seeks-more-funding-nikkei-2017-6

TOKYO, June 7 (Reuters) – Japan Display Inc is
considering deeper restructuring than first planned and has
asked a state-backed fund for help after losing business with
Apple Inc due to its late entry into OLED technology,
the Nikkei business daily reported.

Shares in the company climbed 12 percent in morning trade.

In addition to the Innovation Network Corp of Japan (INCJ),
a government-led technology venture which extended the panel
maker a lifeline last year, it has also approached other
investment funds and is looking at capital and business tie-ups,
the newspaper said.

It added that Japan Display will appoint a new management
team at its annual shareholders meeting later this month, and
announce a n…

Read the full article at: http://www.businessinsider.com/r-japan-display-considers-deeper-restructuring-seeks-more-funding–nikkei-2017-6

Japan Display considers deeper restructuring, seeks more funding: Nikkei – Business Insider

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Japan Display considers deeper restructuring, seeks more funding -Nikkei – Business Insider

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