ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

The consortium consists of TPK Holding, Taiwanese financial group Fubon Group and China's Harvest Fund Management. TPK and Fubon were planning to contribute nearly 40 billion yen to the bailout, with TPK as one of the biggest investors on a voting rights basis.

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