TOKYO -- Japan Display announced Friday that it agreed to receive a bailout of up to 80 billion yen ($717 million) from a Taiwanese-Chinese consortium, sounding the death knell for Japan's once-vibrant display industry.
Taiwanese electronic component maker TPK Holding, Taiwanese financial services institution Fubon Group and China's Harvest Fund Management will replace Japanese public-private fund INCJ as the top shareholder with a stake close to 50%.
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