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An update from Japan Display ( (JP:6740) ) is now available.
Japan Display Inc. has announced a strategic move to enhance its financial position and support its growth strategy, ‘BEYOND DISPLAY,’ through a capital alliance with Ichigo Trust and asset sales. The company plans to sell intellectual property and its Mobara Fab, using the proceeds to repay a JPY 65 billion loan to Ichigo and eliminate associated debt and interest payments. Additionally, Japan Display will issue new warrants to Ichigo to secure further funds, thereby strengthening its working capital and financing its growth initiatives.
More about Japan Display
Japan Display Inc. operates in the display technology industry, focusing on the development and manufacturing of advanced display solutions. The company is known for its innovative display products used in a variety of applications, including smartphones, tablets, automotive displays, and other electronic devices.
Average Trading Volume: 79,499,957
Technical Sentiment Signal: Sell
Current Market Cap: Yen69.85B
See more data about 6740 stock on TipRanks’ Stock Analysis page.