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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.

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