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Japan Display says Taiwan's TPK decided against investing

Credit: REUTERS/Toru Hanai

Japan Display Inc on Monday said it has received notice from TPK Holding Co Ltd that the Taiwanese flat screen maker has decided against investing in the Apple Inc supplier.

TOKYO, June 17 (Reuters) - Japan Display Inc 6740.T on Monday said it has received notice from TPK Holding Co Ltd 3673.TW that the Taiwanese flat screen maker has decided against investing in the Apple Inc AAPL.O supplier.

It also said Cosgrove Global Ltd and Topnotch Corporate Ltd, which have also previously expressed interest in investing, have not notified the display maker of their decisions.

Harvest Group and Oasis Management Company Ltd will decide whether to invest by June 27, Japan Display said.

TPK's proposed investment had totalled $230 million.

(Reporting by Takashi Umekawa; Editing by Christopher Cushing)

((Takashi.Umekawa@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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