Nanyang Technological University-spinout NanoSun faces acquisition from US-based investment firm Raffles Capital Group.
Raffles Capital Group, a US-based investment firm, is acquiring Nanyang Technological University spinout NanoSun.
NanoSun, a company developing a water filtration method based upon the use of nano fibres, recently entered a $3m joint venture with China Commerce Group for International Economic Cooperation (CCIEC). NanoSun uses 3D printing technology to create its nanofibres.
The joint venture with CCIEC, which will continue when the acquisition goes through, will implement the company’s technology in the Qingdao National High-Tech Industrial Development Zone.
Both…
