(Reuters) – Liquid crystal display panels manufacturer Japan Display Inc (6740.T) is seeking about 100 billion yen ($893 million) from its main creditors to fund an ongoing restructuring, the Nikkei reported on Thursday.
The Tokyo-based company, also known as JDI, has tapped lenders including Mizuho Bank and Sumitomo Mitsui Banking Corp, the business daily said.
State-backed Innovation Network Corp of Japan, which is the company’s largest shareholder, will provide indirect support in the form of loan guarantees, the newspaper reported. (s.nikkei.com/2uDrqRm)
The restructuring at the company’s smartphone panel plants in the central Japanese city of Nomi and China’s Jiangsu Province may involve halting production and trimming several hu…
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