Apple supplier Japan Display says aims to seal $468 million bailout deal this month

TOKYO: Apple Inc supplier Japan Display Inc said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out of a bailout plan.
New Chief Executive Minoru Kikuoka told Reuters in an interview that liquid crystal display (LCD) screens are drawing renewed market interest, pointing to solid demand for affordable smartphones with low-cost screens.
“We are close to 50 billion and I believe we can cement the deal this month,” said Kikuoka, who took the helm of the cash-strapped display maker in September.