Nanofilm's founder sells small stake to Temasek for $27m in first share sale
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Nanofilm Technologies founder Shi Xu will hold a 55 per cent stake in Nanofilm after the transaction is complete.
PHOTO: ST FILE
SINGAPORE - Nanofilm Technologies' executive chairman and acting chief executive Shi Xu has sold a 1 per cent stake of the company's total issued shares to Venezio Investments, an indirect wholly owned subsidiary of Temasek Holdings.
It is the first time Dr Shi has sold shares in Nanofilm since taking it public in October last year.