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Japan Display Corporation (JDI) accepts joint investment from Taiwanese companies in mainland China
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05th Apr, 2019
Japan Display Corporation (JDI) accepts joint investment from Taiwanese companies in mainland China
On April 4, 2010, the Japanese economic news book (2019) reported that the Japanese display company under the rebuilding of the company had accepted an agreement on the 3rd of April, accepting the joint investment of Taiwanese parts manufacturers and mainland China. The maximum amount of financial assistance will reach 80 billion yen.
Foreign capital will have a voting power of nearly 50% of JDI, and the Japanese government and public fund INCJ (formerly Japan Industrial Innovation Agency) will no longer be the largest shareholder. JDI, which has become an umbrella under the umbrella of Taiwan and mainland China, can be rebuilt, but it also means that Japan’s strategy of integrating the Japanese version of the large-scale motor industry has been devastated.
JDI was released on April 3 this year and is scheduled to sign an agreement with Taiwanese and Chinese companies in the beginning of next week (4/8 week). In Taiwan, the company is invested by electronic components and components, such as TPK and Fubon Financial Group. The mainland is jointly funded by the Harvest Fund Management Group, with a maximum amount of 80 billion yen and the largest shareholder.
At present, the voting right of JDI's largest shareholder, INCJ, will be halved by 25.3%. Officials from the Ministry of Economy, Trade and Industry said that "the popularity of LCD panels is no longer an industry that depends on technology." This external financial assistance is based on the method of increasing the capital of issuing stock bonds. The total capital increase of JDI will exceed 110 billion yen.
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