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Japan Display in talks for $830 million support from Ichigo: source


Added 12-11-19 07:04:03pm EST - “Struggling Japan Display Inc, a supplier to Apple Inc, is in talks to receive up to 90 billion yen ($830 million) in financial support from Ichigo Asset Management, a source with knowledge of the matter said on Thursday. Japan Display,…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Japan Display in talks for $830 million support from Ichigo: source”. Below is an excerpt from the article.

TOKYO (Reuters) - Struggling Japan Display Inc, a supplier to Apple Inc, is in talks to receive up to 90 billion yen ($830 million) in financial support 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, said in a statement it was in talks with Ichigo for investment and planned to discuss reaching a basic agreement on fund procurement from the asset firm at a board meeting on Thursday.

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