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

Japan Display secures $150m conditional aid from Hong Kong's Oasis

CFO Kikuoka confident that commitments bring panel maker closer to bailout goal

Japan Display is still looking for partners to come up with extra cash. (Photo by Ken Kobayashi)

TOKYO -- Cash-strapped Japan Display, which is in the midst of restructuring, will get a bailout from Hong Kong-based hedge fund Oasis Management of at least 16.1 billion yen ($149.5 million), with some strings attached.

Combined with a promised payment from China's Harvest Fund Management, that brings the total cash JDI is set to receive to 68.3 billion yen. It will continue negotiating with other partners to try and come up with an additional 11.7 billion yen to meet its 80 billion yen target.

Sponsored Content

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

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