New Nanofilm CEO Gary Ho intends to build 'specialised teams' to grow its business units

SHARES of Nanofilm Technologies International MZH closed at their lowest point this year on Oct 13 - the day before Gary Ho was named the next chief executive.

The company, which specialises in nanotechnology solutions such as coatings for premium consumer electronics, has taken a beating this year, after investor confidence was shaken by management changes and financials that disappointed.

From a high of S$6.53 on Jul 26, shares of Nanofilm fell to S$4.25 on Aug 16 following its results announcements. They have yet to rebound, closing at S$3.96, on Tuesday (Dec 7).