Apple Inc supplier Japan Display said on Friday it has signed a long-awaited dea...
FILE PHOTO: Japan Display Inc's logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo
The group which includes Taiwanese flat screen maker TPK Holding and China asset manager Harvest Group, will inject up to 80 billion yen by buying shares and bonds. INCJ will also join the bailout by accepting a debt-to-equity swap totaling 75 billion yen and extending senior loans worth 77 billion yen. It’s stake will fall to 12.7 percent from 25.3 percent after the deal.
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