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Japan Display loses out on financial aid from Harvest Group

Chinese investment company Harvest Group won't give any financial support to Apple Inc provider Japan Display Inc, the Nikkei stated on Thursday, perhaps disturbing rebuilding plans for the desperate LCD producer.

japan displayPhoto: Reuters

The display producer is tapping a consortium driven by Harvest for an 80 billion yen ($740 million) bailout agreement, which incorporates ventures from Apple and Hong Kong-based activist financial specialist Oasis Management.

Japan Display decline to comment.

Harvest was relied upon to contribute 60 billion yen, the Nikkei detailed, referring to sources acquainted with the talks.

The Japanese organization has over and over battled to concoct a rebuilding plan, and Harvest's choice is probably going to intensify the circumstance for the grieved firm.


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