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Japan Display 'negotiating with investors' for new bailout money

Troubled panel maker apologizes to shareholders over restructuring confusion

JDI tried to calm nervous shareholders over the crumbling Taiwan-China consortium, which was supposed to rescue the company. (Photo by Wataru Ito)

TOKYO -- Struggling panel maker Japan Display on Tuesday said it was in discussions with investors to secure new funding for its 80 billion yen ($736.8 million) bailout.

The news comes after the withdrawal of a key Taiwanese investor, which has cast doubts on the company's planned restructuring.

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