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.
