11-11-2016 07:11 via news.yahoo.com

Japan Display in talks for $704 million bailout from INCJ: WSJ

(Reuters) - Japan Display Inc is in advanced talks to receive a bailout amount of about 75 billion yen ($704.49 million) from Innovation Network Corp of Japan (INCJ), a government-backed fund and the display maker's largest shareholder, the Wall Street Journal reported on Thursday. The two companies are looking at options including the issuance of subordinated bonds by Japan Display to INCJ, the Journal reported, citing people with knowledge of the matter. INCJ owns a 35.58 percent stake in Japa
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