New Nanofilm CEO Gary Ho intends to build 'specialised teams' to grow its business units
Claudia Tan HS
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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).
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report