ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Japan Display loses another would-be white knight from Taiwan

Teetering flat panel producer says there is no change in plans to raise 80bn yen

Japan Display says that despite the loss of a second member of its rescue team it will have no trouble coming up with the 80 billion yen it needs to go on operating. (Photo by Karina Noka)

TOKYO -- Japan Display said Tuesday that the Fubon Group, a Taiwanese financial concern, has pulled out of talks to rescue the hobbled flat panel maker, becoming the second Taiwanese company to withdraw from talks.

TPK Holding, a Taiwanese electronic component maker, was the first to depart a would-be Taiwan-China consortium that had been almost ready to deliver up to 80 billion yen ($747 million) in financial aid to the Japanese company.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more