Japan Display says has not received notice about Chinese investment

TPK Holding Co

14/06/2019 08:49

TOKYO, June 14 (Reuters) - Apple Inc supplier Japan Display
Inc  6740.T  on Friday said it had not received notice from a
Chinese-Taiwanese consortium about a potential 80 billion yen
($740 million) investment, raising the possibility of a critical
delay in much-needed cash.
    A further delay of a cash injection could raise questions
about the survival of the ailing smartphone screen maker, which
has been hit by Apple's  AAPL.O  slowing iPhone sales and a late
shift to organic light-emitting diode (OLED) screens.

($1 = 108.1700 yen)

 (Reporting by Makiko Yamazaki; Editing by David Dolan)
 ((david.dolan@tr.com; +81 3 6441 1526; Reuters Messaging:
david.dolan.thomsonreuters.com@reuters.net))