Nanofilm's COO quits, less than two months after CEO; earnings down 3.1% on plant expansion costs

Nanofilm Technologies International’s COO Ricky Tan Chong Ho has quit, less than two months after CEO Lee Liang Huang resigned. 

As cited in Nanofilm’s IPO prospectus, Tan joined the company as senior vice president for operations on May 11 2020 and re-designated as COO on Aug 1 2020.

In an SGX filing on Aug 13, Nanofilm, which achieved unicorn status with its hotly-anticipated IPO last year, explains that there was a reorganisation of its reporting structure and assigned responsibility to oversee the overall operations of each business unit.