The Chinese group will gain control of Japan Display
Chinese-Taiwanese group of companies, United in concern Suwa, will take control of the company Japan Display to supply displays for Apple mobile devices. Spending $ 2.1 billion, Suwa will change INCJ Japanese Foundation with the participation of the state as the main shareholder of Japan Display.
It is expected that in the end, Japan Display will be able to get out of the crisis caused a significant drop in the sales of smartphones Apple iPhone. Previous attempts in this direction undertaken by INCJ, proved ineffective, so the Japanese government decided to reduce its involvement in the fate of Japan Display.
Verify that the INCJ also allocates funds to help Japan Display, in particular, in the form of new loans, but after the transaction the share of the INCJ will be reduced from 25.3% to 12.7%. A group of buyers, which includes the Taiwanese maker of flat screens, TPK Holding and China investment company Harvest Group will receive 49.8 per cent.