Japan Display Inc (6740.T)
21 Feb 2017
Latest Key Developments (Source: Significant Developments)
Japan Display Inc <6740.T>: Says it plans to issue denominated convertible bonds with warrants for 45 billion yen via private placement . Says the conversion price at 430 yen per share . Says maturity date on Jan. 11, 2024 and payment date on Jan. 11, 2017 . Says interest rate at 0 percent . Says the proceeds to be used to fund R& D of printing method . Says Innovation Network Corporation of Japan will raise stake in the co to 45.1 percent from 35.6 percent after the bonds issuance .Says the co plans to raise stake in JOLED Inc. to more than 51 percent, up from 15 percent. Full Article
Nikkei: Japan Display has asked for cash assistance from public-private fund that is its top shareholder amid sluggish shipments of LCD panels for iPhone - Nikkei .Japan Display hopes to receive tens of billions of yen from the Innovation Network Corp. of Japan - Nikkei. Full Article
Japan Display Inc:Says it expects an extraordinary loss of 14 bln yen recorded as reform cost for fiscal year ending March 2016. Full Article
Japan Display Inc:Appoints Shuji Aruga as president to succeed Shuichi Ohtsuka.Appoints Mitsuru Honma as chairman of the board.Effective June. Full Article
TOKYO Japan Display Inc will pay more than $100 million to boost its stake in an organic light-emitting diode (OLED) panel maker, the Nikkei business daily said - a step that would improve its position in a key technology where it lags far behind rivals.