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Nanofilm Technologies International Ltd. ( (SG:MZH) ) has issued an announcement.
Nanofilm Technologies International Ltd. has announced that its wholly owned subsidiary, Nanofilm Vacuum Coating (Shanghai) Co., Ltd., has secured a two-year RMB50 million term loan from China Construction Bank’s Shanghai Yangtze River Delta Integration Demonstration Zone Branch, backed by a corporate guarantee from fellow subsidiary Nanofilm Renewable Energy (Shanghai) Co., Ltd. The facility will fund working capital needs at the Shanghai vacuum-coating unit and is not expected to have a material impact on the group’s consolidated earnings or net tangible assets per share for the financial year ending 31 December 2026, with the company also stating that none of its directors has any interest in the transaction beyond their shareholdings.
The most recent analyst rating on (SG:MZH) stock is a Hold with a S$0.71 price target. To see the full list of analyst forecasts on Nanofilm Technologies International Ltd. stock, see the SG:MZH Stock Forecast page.
More about Nanofilm Technologies International Ltd.
Nanofilm Technologies International Ltd., incorporated in Singapore, operates through subsidiaries such as Nanofilm Vacuum Coating (Shanghai) Co., Ltd. and Nanofilm Renewable Energy (Shanghai) Co., Ltd., indicating a focus on advanced coating technologies and renewable energy-related applications within the broader technology and manufacturing supply chain in China and the region.
Average Trading Volume: 2,068,522
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$381.3M
For a thorough assessment of MZH stock, go to TipRanks’ Stock Analysis page.