Bailout Plan: Cgl Group and Japanese Company

bailout plan: Meanwhile, Oasis Management Co. of Hong Kong has stepped forward as a potential new sponsor, telling the Japanese company that it will make a final decision by Thursday as well, according to The Japan Times. Touch panel-maker TPK left the group citing changes in circumstances, but the reason for the withdrawal of CGL Group was not disclosed. The exit by CGL Group follows the departure of Taiwan's TPK Holding Co. last week from the consortium that was supposed to offer a capital injection of up to 80 billion 748 million to the Apple Inc. supplier. ; China's Harvest Tech Investment Management Co., the only remaining member of the consortium that agreed on the bailout plan in April, has notified Japan Display that it will finalize a decision on financial aid by Thursday. The decisions apparently reflect Japan Display's business performance, which is deteriorating more than expected. It also said some domestic as well as other overseas companies have shown an interest in investing, without naming them. The maker of display panels reiterated there is no change to the capital injection amount of up to 80 billion. (news.financializer.com). As reported in the news.