consortium: The Japanese maker of small and midsize liquid crystal display panels hopes that a formal decision on the investment will be made by June 27, according to The Japan Times. On Monday, JDI said that TPK Holding Co., a Taiwanese maker of touch screens, will leave the three-company consortium and that Oasis Management Co., a Hong Kong investment fund, will join the group in its place. JDI reached a basic agreement in April to receive up to 80 billion in financial support from a China-Taiwan consortium, including Harvest Tech. ; Harvest Tech's investment plan apparently takes into consideration the possible withdrawal of Taiwanese financial group Cosgrove Global Ltd. from the consortium. The screen-maker also said that Harvest Tech will increase its investment amount. Harvest Tech's influence in JDI's management is expected to grow, including an increase in the number of board members sent from the Chinese company to the Japanese firm. While Cosgrove Global has not clarified whether it will continue to support JDI, the announcement on Wednesday revealed that Harvest Tech will shoulder much of the Taiwanese financial group's investment.
(news.financializer.com). As
reported in the news.
Tagged under consortium, tech topics.