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Business deals

Japan Display sells Chinese unit for higher-than-expected $200m

Asset review boosts final price from original proposal

Japan Display is in the midst of a sweeping restructuring drive. (Photo by Shihoko Nakaoka)

TOKYO -- Japan Display said Friday that it has completed the sale of China-based subsidiary Suzhou JDI Electronics to a local buyer for 26.7 billion yen ($200 million).

The money-losing Japanese maker of phone and computer displays announced the deal in October. The sale price had since increased by 6.2 billion yen as a result of an asset review.

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