FILE
PHOTO – Japan Display Inc’s logo is pictured at its headquarters
in Tokyo
Thomson
Reuters
TOKYO (Reuters) – Japan Display Inc is considering deeper
restructuring than first planned and has asked a state-backed
fund for help after losing business with Apple Inc due to its
late entry into OLED technology, the Nikkei business daily
reported.
Shares in the company climbed 12 percent in morning trade.
In addition to the Innovation Network Corp of Japan (INCJ), a
government-led technology venture which extended the panel maker
a lifeline last year, it has also approached other investment
funds and is looking at capital and business tie-ups,…
Read the full article at: http://www.businessinsider.com/r-japan-display-considers-deeper-restructuring-seeks-more-funding-nikkei-2017-6