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Apple supplier Japan Display agrees to $800m bailout

Investment fund Ichigo Asset could control majority of voting rights

JDI is holding parallel negotiations with a Japanese fund and an alliance of companies as it seek fresh financial backing.

TOKYO -- Money-losing Apple supplier Japan Display has agreed to up to a 90 billion yen ($828 million) infusion from the Ichigo Asset Management group, securing a financial lifeline after a rescue plan by a Taiwan-China consortium collapsed in September.

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