The company will be partly financed by the Innovation Network Corporation of Japan, a private-public investment fund established in 2009 to support next-generation businesses.
The new venture will be 70 per cent owned by INCJ and 10 per cent each by the three companies, with INCJ investing a total of $2.6 billion in Japan Display in exchange for shares to be newly issued to the body.
Published 15 November 2011, 16:43 IST