Apple supplier Japan Display Inc said on Monday it aims to raise as much as $990...
Japan Display Inc's logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD NOV 7' FOR ALL IMAGES
Japan Display, one of the world’s top vendors of liquid crystal display panels used in iPhones, has been battered by Apple’s shifting fortunes. It has been particularly hurt by a slowdown in iPhone sales and a proliferation of new models that use newer, organic light-emitting displays . It did not name the external investors, although two sources with direct knowledge of the matter had previously told Reuters it was looking to an investor group, led by China Silkroad Investment Capital, for a bailout.
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