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Shaky Apple supplier JDI to receive bulk of lifeline 'on schedule'

Chinese consortium chief seeks to allay fears, saying money is 'secured'

CEO Winston Lee of Suwa Investment Holdings said he expects no more "restructuring or departure" of participants in the Japan Display bailout. (Photo by Shihoko Nakaoka)

TOKYO -- Troubled iPhone screen maker Japan Display will receive 50 billion yen ($470 million) of a 80 billion yen lifeline in October as planned, the head of a Chinese investor group told Nikkei on Friday, as he sought to clear up uncertainty over the deal.

Winston Lee, CEO of Suwa Investment Holdings -- the vehicle for the investment -- spoke with Nikkei in his first interview about the deal.

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