December 21, 2016 / 3:38 AM / 7 months ago

Japan Display shares surge on report of imminent state-fund aid

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TOKYO, Dec 21 (Reuters) - Shares of Japan Display Inc surged 8 percent in morning trade on Wednesday after media reported that its state-backed main investor was finalising $640 million in aid for the company.

The Innovation Network Corp of Japan is set to decide later in the day to provide 75 billion yen ($640 million) to Japan Display, public broadcaster NHK said.

Part of the aid would come through the purchase of convertible bonds to be issued by Japan Display, it said. ($1 = 117.6300 yen) (Reporting by Taiga Uranaka; Editing by Edwina Gibbs)

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