Nanofilm Technologies International Ltd. ( (SG:MZH) ) just unveiled an update.
Nanofilm Technologies International Ltd. has announced that its subsidiary, Nanofilm Vacuum Coating (Shanghai) Co., Ltd, has secured a three-year term loan of RMB 50 million from the Industrial and Commercial Bank of China. This loan, intended to support working capital, is secured by mortgages on Shanghai Plant 1 and 2 and a corporate guarantee from the company. The loan agreement includes conditions related to control of the company, and it is not expected to significantly impact the company’s financials for the year ending December 2025.
More about Nanofilm Technologies International Ltd.
Nanofilm Technologies International Ltd. is a Singapore-based company that specializes in advanced materials and nanotechnology solutions. The company focuses on providing innovative coating technologies and renewable energy solutions, primarily through its subsidiaries in Shanghai.
YTD Price Performance: -13.82%
Average Trading Volume: 1,217,381
Technical Sentiment Signal: Buy
Current Market Cap: S$434.6M
See more data about MZH stock on TipRanks’ Stock Analysis page.