Doubts linger over iPhone display maker JDI's shaky Chinese rescue

Company avoids collapse, but tech fund Harvest's aid commitment questioned

20190810 Man holding iPhones

A man looks at iPhones in Tokyo. Display maker JDI, an Apple supplier, had been seeking a rescue after misjudged factory investments. © Reuters

HIDEAKI RYUGEN, Nikkei staff writer

TOKYO -- LCD maker Japan Display has escaped immediate bankruptcy by lining up 80 billion yen ($758 million) in aid from Chinese investors, but the company remains dogged by uncertainty over the long-delayed rescue.

The money-losing Apple supplier, also known as JDI, faced questions at a Friday news conference over whether China's Harvest Tech Investment Management and Hong Kong's Oasis Management would follow through with their investment promise.

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