TOKYO: Japan Display said on Aug 28 that it has agreed to sell a smartphone screen plant in central Japan to Sharp Corp for US$390mil (RM1.63bil) raising funds to repay debt it owes Apple Inc for the plant construction costs.
The company said in a statement it will also sell screen plant equipment at the liquid crystal display (LCD) factory to "an overseas customer" for US$285mil (RM1.19bil), or US$85mil (RM354.83mil) more than the amount announced in March. Sources said the customer is Apple.
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