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Japan Display says has not received notice about Chinese investment

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Japan Display says has not received notice about Chinese investment
FILE PHOTO: The logo of Japan Display Inc is seen at its factory in Mobara, Chiba prefecture, Japan, June 3, 2013. REUTERS/Toru Hanai/File Photo   -   Copyright  Toru Hanai(Reuters)
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TOKYO (Reuters) – Apple Inc supplier Japan Display Inc on Friday said it had not received notice from a Chinese-Taiwanese consortium about a potential 80 billion yen (£583.9 million) investment, raising the possibility of a critical delay in much-needed cash.

A further delay of a cash injection could raise questions about the survival of the ailing smartphone screen maker, which has been hit by Apple’s slowing iPhone sales and a late shift to organic light-emitting diode (OLED) screens.

(Reporting by Makiko Yamazaki; Editing by David Dolan)

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