Japan Display Closed joint stock company will sell subsidiary of the Chinese companies

The Japanese producer of liquid crystal screens Japan Display Closed joint stock company concluded the bargain about sale Suzhou JDI Electronics subsidiary of the Chinese companies Suzhou Dongshan Precision Manufacturing Co. About it reports Nikkei Asia. The enterprise of the Japanese companies is located in the Chinese Suzhou. The local company will redeem it from the Japanese producer for $140 million. It is expected that the transaction will be closed by March, 2023. The Japanese company gets rid of assets against the economic problems which have resulted in unprofitability of the enterprise. Earlier the major customer of Japan Display Closed joint stock company was the American company...