A wholly-owned subsidiary from Nanofilm Technologies has obtained a two-year term loan of RMB50 million ($9.15 million) from China Construction Bank.
The loan will be used for the working capital of Nanofilm’s subsidiary, named Nanofilm Vacuum Coating (Shanghai) Co.
The loan is secured by a corporate guarantee from the company’s subsidiary Nanofilm Renewable Energy (Shanghai) Co.
Shares in Nanofilm closed 0.5 cent lower or 0.855% down at 58 cents on Jan 6.
