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Capital Group cuts stake in Nanofilm following 1HFY2021 earnings surprise, share buybacks continues

The Edge Singapore
The Edge Singapore8/20/2021 09:24 PM GMT+08  • 2 min read
Capital Group cuts stake in Nanofilm following 1HFY2021 earnings surprise, share buybacks continues
In total, Nanofillm has spent just over $20 million on share buybacks this past week.
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The Capital Group Companies, a deemed substantial shareholder of Nanofilm Technologies International, has sold nearly 3.14 million shares at an average of $3.95 each.

The selling via the open market was done on Aug 18.

With that, Capital Group has cut its stake to nearly 43.7 million shares, or 6.61%, from 7.09% previously.

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