Nanofilm Technologies International Unit Secures 50 Million Yuan Term Loan

MT Newswires

01/07

Nanofilm Technologies International (SGX:MZH) unit, Nanofilm Vacuum Coating (Shanghai), secured a two-year term loan of 50 million yuan from China Construction Bank, Shanghai Yangtze River Delta Integration Demonstration Zone Branch, according to a Tuesday filing with the Singapore Exchange.

Shares of the company were down nearly 1% in Wednesday trading.

The loan was secured via a corporate guarantee by the company's other subsidiary, Nanofilm Renewable Energy (Shanghai).

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