The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Japan Display in talks for 90b yen support from Ichigo: source

Published Thu, Dec 12, 2019 · 12:29 AM
Share this article.

[TOKYO] Struggling Japan Display, a supplier to Apple Inc, is in talks to receive up to 90 billion yen (S$1.13 billion) in financial support from Ichigo Asset Management, a source with knowledge of the matter said on Thursday.

Japan Display, which last month reported its 11th straight quarterly loss, said in a statement it was in talks with Ichigo for investment and planned to discuss reaching a basic agreement on fund procurement from the asset firm at a board meeting on Thursday.

It added that the 90 billion yen figure was not something the company had announced.

The source requested anonymity because the talks are private.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here