Nanofilm Technologies International Limited announced on Oct, 09 2026 that its wholly owned subsidiary, Nanofilm Vacuum Coating (Shanghai) Co., Ltd, has obtained a three-year term loan of 50 million Singapore dollars from Industrial and Commercial Bank of China.
The facility will be used to fund the working-capital needs of the subsidiary and is backed by an existing mortgage over the residual value of Shanghai Plant 1 and Shanghai Plant 2, which are owned by Nanofilm Renewable Energy Technology (Shanghai) Co., Ltd, as well as a corporate guarantee from the parent company.
According to the filing, the loan is not expected to have any material impact on the group’s consolidated earnings or net tangible assets per share for the financial year ending Dec, 31 2026.
The company said none of its directors has any direct or indirect interest in the transaction beyond their shareholdings in the firm, if any.