Japanese display supplier for Apple is left without investiciona Saveliev | 17.06.2019
Japan Display on Monday said that TPK Holding has decided not to invest previously proposed $ 230 million.
For Japan Display, this turn translates into sad perspective. Previously, the company has suffered from slowing sales of Apple’s iPhone and later transition to OLED screens.
Overall, from the Chinese-Taiwanese consortium with the participation of TPK Holding, Japan Display wanted to attract 80 billion yen ($1.01 billion).
In addition to the Taiwanese manufacturer’s response about possible investment expected from Cosgrove Global and Topnotch Corporate, which are also included in this Association. On their part, a proposal was made to
$ 130 million in total.
Harvest Group and the new member of the Oasis Management Company are also thinking on the possibility to support Japan Display. Their decision will be announced until June 27.
Japan Display was formed in 2012 through the merger of Hitachi, Toshiba and Sony in the field of liquid crystal displays. In March 2014, when the agreement was made public,
it cost Japan Display on Monday said that TPK Holding has decided not to invest previously proposed $ 230 million
For Japan Display, this turn translates sad prospect. Previously, the company has suffered from slowing sales of the Apple iPhone and later transition to OLED screens.
Overall, from the Chinese-Taiwanese consortium with the participation of TPK Holding, Japan Display wanted to attract 80 billion yen ($1.01 billion).
In addition to the Taiwanese manufacturer’s response about possible investment expected from Cosgrove Global and Topnotch Corporate, which are also included in this Association. Their part was done
offer for $ 130 million in total.
Harvest Group and a new member of the consortium , Oasis
Management Company are also thinking on the possibility to support Japan Display. Their decision will be
announced until June 27.
Japan Display was formed in 2012 through the merger of Hitachi, Toshiba and Sony in the field of liquid crystal displays. In March 2014, when the agreement was made public,
she was worth more than 400 billion yen.
In early trading in Tokyo, the price of the shares of Japan Display fell 11%.
Investment
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