A subsidiary of SeaTown, an independently-managed portfolio company under Temasek Holdings, has sold 450,000 shares in Nanofilm Technologies for a total of $1.95 million, or $4.3356 per share.
Temasek Holdings is one of the substantial shareholders in Nanofilm.
The shares were disposed of by an investment fund managed by a subsidiary of SeaTown on Aug 18.
With that, Temasek's deemed interest in the company, via its various entities, has been trimmed from 6.04% to 5.98%.
The disposal took place on the same day that the Capital Group Companies, another substantial shareholder of the group, cut their stake in the group.
See: Capital Group cuts stake in Nanofilm following 1HFY2021 earnings surprise, share buybacks continues and Nanofilm spends $12.6 million on share buybacks following earnings surprise
Shares in Nanofilm closed 15 cents higher or 3.76% up at $4.14 on Aug 23.
Photo: Albert Chua/The Edge Singapore
