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

Japan Display to raise $500m to supply key customer Apple

iPhone maker's shifting screen demands whipsaw LCD company

Japan Display Inc. has explored capital partnerships for producing advanced OLED displays, but talks have stalled.   © Reuters

TOKYO -- Japan Display plans to procure about 55 billion yen ($517 million) through third-party share allocations and asset sales, it said Friday, scrambling for capital so it can supply screens for new iPhones.

The restructuring liquid crystal display maker plans to secure about 35 billion yen through private placements of newly issued shares. It expects to receive 30 billion yen from about 15 overseas institutional investors, with the largest stake -- worth 6 billion yen -- going to a Hong Kong investment manager. Nichia would invest the other 5 billion yen, granting the maker of light-emitting diodes for LCD panels a 3.5% stake on a voting-rights basis.

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