The Capital Group of Companies, a leading asset manager, now has a higher deemed stake in newly-listed Nanofilm Technologies International. This follows the purchase of 171,100 Nanofilm shares at $4.38 on Dec 30, 2020 by Capital Research and Management Company, the investment management firm and one of the cornerstone investors of Nanofilm’s recent IPO.

According to Nanofilm’s prospectus, Capital Group invested in the company via two funds: SMALLCAP World Fund and American Funds Insurance Series — Global Small Capitalization Fund. Besides Capital Group, other cornerstone investors which bought a total of nearly 104.3 million shares included several subsidiaries of Temasek Holdings.

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