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    • Denggle > Lighting News >

    Chinese Companies to Buy Shares of Japan Display

    Chinese Companies to Buy Shares of Japan Display

    Source： 26 Dec 2018
    JDI Japan Display Incpanel Producer Apple Supplier

    Japan Display Inc. (JDI) has been negotiating with Chinese companies and investors to receive financial supports of JPY 50 billion (US$ 440.65 million), reported NHK. The potential investors include mobile component producer Ofilm, automotive component manufacturer Minth Group and the Silk Road Fund.



    With the support, the Chinese investors will hold 33 percent or more of the share of JDI, suppressing the current major shareholder INCJ, who owns 25.29 percent of the share. In addition to the investment, the Chinese investors were also reportedly offering a JPY 500 billion (US$ 4.4 billion) fund for JDI to build new OLED facilities in China.



    JDI expects to reach a consensus with the Chinese investors within the fiscal year of 2018, which ends by March 2019.

     

    JDI

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