Nanofilm's founder sells small stake to Temasek for $27m in first share sale

Nanofilm Technologies founder Shi Xu will hold a 55 per cent stake in Nanofilm after the transaction is complete. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.