Key Developments: Nanostart AG (NASRF.PK)
5.65USD
26 Mar 2013
$-0.52 (-8.43%)
$6.17
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Latest Key Developments (Source: Significant Developments)
Nanostart AG's Supervisory Board Chairman Resigns
Nanostart AG announced that the Chairman of its Supervisory Board, Dr. Alfred Krammer, has resigned from his office for personal reasons. The new chairman will be appointed in the next supervisory board meeting. Full Article
Nanostart AG Issues New Shares
Nanostart AG announced that it has issued 300,000 new shares in conjunction with an increase in its approved capital under the procedure to exclude subscription rights. The capital increase, which was entered into the commercial register on October 2, 2012, increases its nominal capital from EUR 5,940,000 to EUR 6,240,000, an increase of EUR 300,000. The new shares which were placed with an institutional investor were issued above the current stock market price of the Nanostart stock in XETRA trading, as of October 2, 2012. The Company will receive the entire gross proceeds of approximately EUR 1.125 million from the transaction. The new financial means shall be used amongst others for entering new equity investments or increasing stakes in existing investments, respectively. Full Article
Nanostart AG's Nanostart Asia Pacific Acquires Stake in Membrane Instruments and Technologies Pte Ltd via Nanostart Early Stage Venture Fund I
Nanostart AG announced that Nanostart Asia Pacific has increased its share in the Singaporean company Membrane Instruments and Technologies Pte Ltd (MINT) from 18% to 28%. The investment in MINT will take place through the Nanostart Early Stage Venture Fund I, which is managed by Nanostart Asia Pacific. Financial details were not disclosed. Full Article
Nanostart AG's Nanostart Asis Pacific Acquires Stake in Stella Specialty Chemicals Pte Ltd via Nanostart Singapore Early Stage Venture Fund I
Nanostart AG announced that Nanostart Asia Pacific has acquired a stake in Singapore-based Stella Specialty Chemicals Pte Ltd ('Stella') via Nanostart Singapore Early Stage Venture Fund I ('the Fund'). Stella offers a wide range of specialty chemical products for surface treatment of metals and plastics and is an all-round provider for the coating industry. Stella has already started its marketing activities. The Fund has initially acquired approximately 10% of the shares in Stella. There are plans to increase the stake to approximately 23% at the beginning of 2013. Full Article
Nanostart AG and Investment Partners Form New Company Nanostart Asia Pacific Pte Ltd
Nanostart AG (Nanostart) announced that it has formed a new company, Nanostart Asia Pacific Pte Ltd, together with investment partners. Nanostart is contributing its wholly-owned subsidiary Nanostart Asia Pte Ltd and its 50% interest in Nanostart Singapore Early Stage Venture Fund, in exchange for which it will receive 56% shares in the new Singapore-based company. The remaining 44% will be held by partners in Singapore and other Asian countries. Nanostart has two positions on the Board of Directors of the new company. Full Article
Nanostart AG Announces Layoffs
Nanostart AG announced that the Company reduced its headcount from 52 employees (year-end 2011) to 30 (April 1, 2012) and expects a significant reduction in company expenses in 2012 as compared to 2011. Full Article
Nanostart AG Acquires Majority Stake in Holmenkol AG
Nanostart AG announced that it has acquired two shares in its equity investment Holmenkol AG from co-shareholder Nanogate. After the transaction the Company holds 50% plus one share, giving it a majority stake in Holmenkol. The transaction was approved at the Annual General Meeting of Holmenkol on December 9, 2011. Further details were not disclosed. Full Article
Nanostart AG Acquires Russian Asset Manager
Nanostart AG announced that it has acquired a licensed asset management company in Russia that will trade as Nanostart Russia Asset Management Ltd in future. The corresponding contracts have been signed in Moscow and the purchase price of EUR 2.4 million has been paid in cash. The establishment of Nanostart Russia serves to fulfill the main regulatory conditions for Nanostart’s market entry in Russia as a fund manager in the area of venture capital. The company is domiciled in Moscow with an office in Perm. The Russian corporation has a license for the administration of investment funds. In Russia, the area of fund management is centrally regulated. In order to manage and administer third-party funds, assets and participations, fund managers must be authorized or licensed by the relevant authorities in accordance with clearly defined conditions based on the criteria for fund managers as set out by the UK FSA (Financial Services Markets Act) and the US SEC (Securities Exchange Act). Full Article
Nanostart AG Increases Stake In Singapore-Based Optical Sensor Technology Firm Microlight Sensors
Nanostart AG announced that it is increasing its stake in Singapore-based Microlight Sensors to 31%. This stems from payment of a second tranche from the round of financing concluded back in 2010. Nanostart, the lead investor, is investing in Microlight through the Nanostart Singapore Early Stage Venture Fund. The fund is increasing its stake in Microlight from 19% to around 31%. Full Article
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