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JDI Confirms USD 715 Million Bailout Deal
April 12, 2019

Followed the news reported by Asia Express on April 2, Japanese JDI today confirmed that it has succeeded in acquiring a bailout of 80 billion Yen (USD 715 million; USD 1= 111.38 Yen) from the consortium formed by Taiwan’s TPK and Fubon Group, and China’s Harvest Fund Management Group, the Economic Daily News reported on April 12. The bailout amount is slightly lower than expected. INCJ, currently the largest shareholder of JDI, will inject 37 billion Yen (USD332.2 million) into JDI but its voting rights in JDI will be halved from the current 25%.