Nanofilm Technologies International Limited: Striking-Off of Dormant Subsidiary

Key Highlights from Recent Board Announcement

• Nanofilm Ventures Pte. Ltd. Struck Off: Nanofilm Technologies International Limited has announced the striking-off of its indirect wholly-owned subsidiary, Nanofilm Ventures Pte. Ltd., from the Register of Companies as of 10 January 2026.
• Subsidiary Status: Nanofilm Ventures was dormant prior to the application for striking-off, meaning it was not conducting any business or operations.
• Regulatory Compliance: The removal was carried out pursuant to Section 344A of the Companies Act 1967 of Singapore, following a formal application to the Accounting and Corporate Regulatory Authority (ACRA).
• Financial Impact: Management has stated that the striking-off of Nanofilm Ventures is not expected to have any material effect on Nanofilm Technologies’ consolidated earnings per share or net tangible asset value per share for the financial year ending 31 December 2026.
• Director Interests: No director of Nanofilm Technologies is deemed to have any direct or indirect interest in the striking-off, except for their shareholdings (if any) in the company.
• Official Statement: The announcement was made by Lim Kian Onn, Chief Financial Officer, on behalf of the Board on 21 January 2026.

Investor Insights & Price Sensitivity

For shareholders and investors, the removal of Nanofilm Ventures is a routine corporate housekeeping measure. The subsidiary was dormant and its closure is not expected to have any adverse impact on Nanofilm Technologies’ financial standing, profitability, or asset base. As such, the board does not anticipate any material effect on the company’s share price or future earnings.

There is no indication of any strategic shift, restructuring, or reallocation of resources resulting from this action. No directors are personally affected, and no changes to shareholdings or voting rights have occurred due to the striking-off. This announcement is primarily a regulatory update and does not signal any underlying business developments or risks that could affect investor sentiment.

Conclusion

The striking-off of Nanofilm Ventures Pte. Ltd. is a non-event from an investment perspective, given its dormant status and lack of impact on group financials. Shareholders can remain confident that there is no material change to the company’s operations or outlook stemming from this announcement.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making any investment decisions.

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