TOKYO (Reuters) - Struggling Japan Display Inc, a supplier to Apple Inc (NASDAQ:AAPL), is in talks to receive up to 90 billion yen ($830 million) in financial support from Ichigo Asset Management, a source with knowledge of the matter said on Thursday.
Japan Display, which last month reported its 11th straight quarterly loss, said in a statement it was in talks with Ichigo for investment and planned to discuss reaching a basic agreement on fund procurement from the asset firm at a board meeting on Thursday.
It added that the 90 billion yen figure was not something the company had announced.
The source requested anonymity because the talks are private.
