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JDI in Negotiations for Capital Injection: Next Pres.

JDI in Negotiations for Capital Injection: Next Pres.

   Tokyo, June 18 (Jiji Press)--The next president of Japan Display Inc. <6740> said Tuesday that the struggling company is "in negotiations" with a consortium of Chinese and Taiwanese firms to receive a repeatedly delayed capital injection.
   "We're in negotiations to procure the 80 billion yen (in a capital injection) in the right manner," JDI Managing Executive Officer Minoru Kikuoka said at a shareholders' meeting. JDI reached a basic agreement in April to receive up to 80 billion yen in investment from the consortium.

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AFP-JIJI PRESS NEWS JOURNAL


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