Brief: Japan Display: To Transfer All Shares It Holds In Joled To State Fund INCJ

TPK Holding

30/05/2019 08:14

May 30 (Reuters) - Japan Display Inc  6740.T :
    * TO TRANSFER ALL SHARES IT HOLDS IN JOLED TO STATE FUND
INCJ
    * INCJ TO FORGIVE TOTAL OF 44.7 BILLION YEN IN DEBT IN
RETURN FOR
JOLED
    * HAVE BEEN TOLD BY CHINA-TAIWAN CONSORTIUM IT WOULD
FORMALISE
DECISION FOR AID DEAL BY JUNE 14
    * TO BOOST PREFERRED SHARES ISSUED TO INCJ TO 102 BILLION
YEN FROM
75 BILLION YEN, LOWER LOAN AMOUNT

Further company coverage:  6740.T