Display: Japan Display

display: Initially, the company aimed to strike a deal within fiscal 2018, according to The Japan Times. The China-Taiwan consortium is expected to secure some 30 percent of the voting rights in Japan Display with investment totaling 60 billion, the sources said. Japan Display, a major maker of small and midsize liquid crystal displays that is now under business rehabilitation, is in negotiations with the consortium, comprising a Chinese fund and Taiwanese touch-screen manufacturer TPK Holding Co. ; According to the sources, Japan Display hopes to reach a basic agreement with the consortium as early as next week. With INCJ considering additional financial assistance, Japan Display is expected to procure a total of about 100 billion, the sources said. The raised funds will be used mainly for debt repayment and parts procurement for the latest version of Apple Inc.'s iPhone, a major revenue source for Japan Display. INCJ is the top shareholder of Japan Display with a stake of over 25 percent at present. (news.financializer.com). As reported in the news.