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Source: Ancom in bid to fully acquire Nylex | Money

Wednesday, 28 Apr 2021 12:53 PM MYT BY JERRY CHOONG Ancom s latest closing share price stood at RM1.68 for a market capitalisation of about RM406.16 million while Nylex s latest closing share price stood at 90.5 sen for a market value of about RM162.26 million, prior to the suspension. Picture by Azneal Ishak Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 28 Ancom Berhad has offered to purchase all of Nylex (Malaysia) Berhad s assets and liabilities, increasing its stake in the company. The Edge reported a source familiar with the plans as saying that a letter of offer has been issued to Nylex s board of directors to purchase 100 per cent of its assets and liabilities.

Kuala lumpurDatuk siew ka weiAncom berhadAzneal ishakAzneal ishak ancomAncom logistics bhdNylex malaysiaAncom berhadகுவாலா லம்பூர்

Ancom to be fully integrated chemical group through proposed acquisition | Money

Wednesday, 28 Apr 2021 09:46 PM MYT KUALA LUMPUR, April 28 Leading manufacturer and supplier of agricultural and industrial chemicals in South-east Asia, Ancom Bhd has proposed to acquire all the assets and liabilities of Nylex (M) Bhd for RM179.3 million, translating into RM1.00 per Nylex share. In a statement today, the company said it represents a healthy premium over the last transacted price and volume weighted average market price (VWAMP) of Nylex shares up to and including April 27, 2021. The premium ranges from 16.2 per cent to 31.5 per cent over the selected VWAMP period of Nylex shares. As Ancom currently holds 50.3 per cent in Nylex, accordingly, the net consideration for the proposed acquisition payable by Ancom will be RM96.7 million, which is for the remaining 49.7 per cent stake it does not currently own.

Kuala lumpurNylexm bhdLee cheun weiAncom bhdSecurities commission malaysiaSoutheast asiaNylex malaysiaகுவாலா லம்பூர்பத்திரங்கள் தரகு மலேசியாதென்கிழக்கு ஆசியா