Chinese-Taiwanese group to make formal decision for Japan Display deal in June: Nikkei

May 30, 2019

TOKYO (Reuters) – A Chinese-Taiwanese investor consortium has told Japan Display Inc that it would make a formal decision whether to invest in the Apple Inc supplier by June 14, the Nikkei business daily reported on Thursday.

The group had delayed an up to 80 billion yen ($729.33 million) investment, planned as part of a rescue deal, as it wanted to reassess Japan Display’s prospects.

A Japan Display spokesman told Reuters that the report is not something the company has announced.

(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)

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