(iTers News) - Japan Display Inc. is set to acquire about 80% of Star  World Technology Corp's outstading common shares to remake  the Taiwanese LCD module maker  into a subsidiary of Taiwan Display Inc., JDI's wholly owned subsidiary. .

JDI also decided to establish a new subsidiary of TDI in Shenzhen, China. The 80% of outstanding common shares in STC will be acquired by TDI when the Taiwanese manufacturer increases its capital through private placement. Both companies will become consolidated subsidiaries of JDI.

Established  in Taiwan on  October 23, 2013, TDI is the Japanese LCD maker's 100 % subsidiary  designed to expand business in the market for small and medium-sized displays, its main business domain. The TDI particularly set its sights on the fast-growing Chinese market.  

To further expand business in the Chinese market, it is extremely important to establish a speedy and flexible operational system that meets diverse customer needs. .

The acquisition by TDI of Star Wolrd Technolgy  is to establish and maintain all necessary functions such as design, module production, and sales and quality support in China.

From this perspective, TDI decided to obtain a local module production base by making STC, which owns a factory in Zhuhai, China, into its subsidiary and to establish a new subsidiary in Shenzhen, China around the end of January, 2014 to sell and design products, and provide product quality support, to Chinese customers.