TOKYO (Reuters) - Chinese investment firm Harvest Group has dropped out of a bailout deal for cash-strapped Japan Display Inc 6740.T due to differences of opinion over governance, the LCD maker said on Thursday.
Japan Display will look for new investors to replace the Chinese fund while keeping up talks with Harvest Group with the aim of receiving promised investment, it said in a statement.
A client of Japan Display intends to invest $200 million in light of Harvest’s withdrawal, the Japanese company also said.
Reporting by Takashi Umekawa
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