Japan Display Inc (6740.T)
Latest Key Developments (Source: Significant Developments)
June 14 (Reuters) - Universal Display Corp
June 7 (Reuters) - Japan Display Inc <6740.T>:* Says it plans to postpone signing date of acquisition contract with JOLED Inc to late June 2018, from late June 2017. Full Article
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
TOKYO A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment.