Consortium Defers Decision on Investment in Ailing JDI

Economy

Tokyo, June 14 (Jiji Press)--Japan Display Inc. <6740> said Friday that it has not been notified of an official decision by a consortium on planned investment in the liquid crystal panel maker.

The consortium of Chinese and Taiwanese companies was scheduled to notify Japan Display by Friday.

In April, the consortium inked a basic agreement to invest up to 80 billion yen in the ailing small and midsize liquid crystal display panel maker.

At the end of May, the team told Japan Display that board resolutions would be reached by Friday, after several postponements.

Uncertainty is expected to swell over the fate of Japan Display if the consortium defers its official decision further.

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Jiji Press