The second last week of August was filled with highs and lows on the investment and stock market. Find out more in our weekly business news round-up
August is coming to an end and this week has been an evently one on the business front with shares plunging and soaring and investors putting their money towards good causes such as mental health.
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Below, Tatler rounds up all the biggest business news from this week that you need to read.
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Nanofilm shares plunge 28.8 per cent after resignation of COO
Last week, Nanofilm Technologies’ chief operating officer (COO), Ricky Tan, resigned. This caused investors to dump their shares of the company and a 2.3 per cent drop in net profits was reported after the market closed last Friday.
On Monday, its stock closed at $4.25 which was down $1.72, or 28.8 per cent.
This comes just a month after Nanofilm shares hit an all-time high of $6.53 after they announced that they would be partnering with Temasek to develop hydrogen energy solutions.
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