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Nanofilm purchases property on Tai Seng Drive for $30 mil

Atiqah Mokhtar

Nanofilm will fund the purchase through internal funds and bank borrowings.

Nanofilm Technologies International has exercised an option to purchase the property located at 11 Tai Seng Drive, Singapore for a consideration of $30.38 million.

The option was granted by G.W.T International, with the purchase price arrived after taking into consideration the valuation of the property carried out third-party valuer Real Estate Analytics.

Nanofilm will fund the purchase through internal funds and bank borrowings.

Shares in Nanofilm closed 4 cents or 0.77% lower at $5.13.

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