Japan Show in talks for $830 million assist from Ichigo: supply


FILE PHOTO: Japan Show’s brand is seen at its headquarters in Tokyo, Japan October 7, 2019. Information/Kim Kyung-Hoon/File Photograph

TOKYO (Information) – Struggling Japan Show Inc, a provider to Apple Inc, is in talks to obtain as much as 90 billion yen ($830 million) in monetary assist from Ichigo Asset Administration, a supply with information of the matter stated on Thursday.

Japan Show, which final month reported its 11th straight quarterly loss, stated in an announcement it was in talks with Ichigo for funding and deliberate to debate reaching a fundamental settlement on fund procurement from the asset agency at a board assembly on Thursday.

It added that the 90 billion yen determine was not one thing the corporate had introduced.

The supply requested anonymity as a result of the talks are personal.

Reporting by Makiko Yamazaki and Chris Gallagher; Enhancing by Sandra Maler