China fund to pull out from bailout plan for Japan Display

Japan Display Inc. said Thursday that China's Harvest Tech Investment Management Co. will withdraw from a framework to rescue the manufacturer, a key Apple Inc. supplier.Japan Display had agreed to receive a capital injection of up to 80 billion yen ($742 million) from a consortium of Harvest Tech and Hong Kong's Oasis Management Co.Japan Display said in a statement it may not be able to continue its operation if it fails to secure the initially planned bailout.The cash-strapped company said it received a letter from Harvest on Thursday that said the Chinese fund would retract its offer to …READ FULL ARTICLE