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Taiwan's TPK withdraws from Japan Display bailout consortium

Ailing panel maker's fate uncertain as Fubon Group likely to follow suit

Loss of the Taiwanese investor will deal a serious blow to efforts at saving the struggling Japanese maker. (Photo by Karina Noka)

TOKYO -- Taiwanese electronics component maker TPK Holding, a member of the Taiwan-China consortium that planned to offer up to 80 billion yen ($736.8 million) in financial aid to Japan Display, has notified the troubled company that it would pull out of the consortium, Japan Display announced on Monday.

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