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.