Japan Display managed to find money to avoid bankruptcy

The final amount will be determined in January
Japan Display has finally signed a basic financing agreement of 80-90 billion yen (about $ 750 million), which is designed to help avoid bankruptcy.

The Japanese manufacturer has faced financial difficulties as a result of a decrease in smartphone sales, especially in China, and the shift of smartphone manufacturers from using liquid crystal displays to OLED displays. A company whose next fiscal year ends March 31, 2020 suffers losses.