Nanofilm Technologies (SGX:MZH) entered into a sale and purchase agreement with Venzio Investments to acquire a 35% stake in Sydrogen Energy, according to a Saturday filing with the Singapore Exchange.
Shares of the company were down nearly 1% in recent trading.
Total consideration for the acquisition is SG$15 million and will allow the company to achieve enhanced management control over Sydrogen's operations and strategic direction.
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