Apple Inc: Groups China and Smartphone Screens

apple inc: But the consortium, which groups China's Harvest Tech Investment Management Co., Taiwanese panel-maker TPK Holding Co. and a Taiwanese fund, did not give notice by Friday, as had been expected, that it had formally decided on the capital injection, according to The Japan Times. It was not immediately clear which entity decided to back out of the plan. The move deepens uncertainty over whether the maker of smartphone screens and Apple Inc. supplier can be rebuilt. ; The company was awaiting an investment of up to 80 billion 737 million from the Chinese-Taiwanese consortium starting later this month. Japan Display incurred a group net loss for the fifth straight year in fiscal 2018 through March, posting red ink of 109.43 billion on sales of 636.66 billion, down 11.3 percent from a year earlier, because of falling demand from its main client Apple. The manufacturer was established in 2012 following the merger of the display operations of Sony Corp., Hitachi Ltd. and Toshiba Corp. with support from state-backed fund INCJ Ltd. Japan Display has started negotiations to secure alternative investors, according to the sources. (news.financializer.com). As reported in the news.