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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

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