
TOKYO -- Troubled LCD maker Japan Display has been notified that China's Harvest Tech Investment Management will not go forward with a planned 63 billion yen ($585 million) bailout, the company said Thursday, essentially sending its restructuring plan back to square one.
The liquid crystal display maker, known as JDI, said the investment fund had cited an issue relating to corporate governance. Harvest's infusion was supposed to form the bulk of an 80 billion yen rescue package that included a Hong Kong investor.