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.
