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Pacific & Orient disposes of shares in Ancom Nylex for RM12.18m

KUALA LUMPUR, Nov 23 Pacific & Orient Bhd (POB) and its subsidiary, Pacific & Orient Insurance Co Bhd, has disposed of an aggregate of 14 million ordinary shares in Ancom. ....

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Ancom to capitalise on paraquat ban in Thailand, Brazil

ANCOM Bhd is hoping to capitalise on a ban on paraquat use in Thailand and Brazil as it believes its products to be good substitutes and well accepted in those markets. After the toxic chemical was banned in Thailand and Brazil in 2020, a huge vacuum was created in the two big markets, observes Ancom group CEO Lee Cheun Wei. “Paraquat was banned in these countries because it was classified as class-1 poison. This is a favourable situation for us because we see tremendous opportunity in these replacement markets,” he tells The Edge in an interview. ....

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Ancom offers to purchase Nylex's assets and liabilities — source

KUALA LUMPUR (April 28): Ancom Bhd is offering to purchase 100% of the assets and liabilities of Nylex (M) Bhd, according to a source familiar with the plans.
Ancom has issued a letter of offer to Nylex BOD (board of directors) offering to purchase 100% of assets and liabilities of Nylex. The consideration is a mixture of various things, a source told The Edge.
Both Ancom and Nylex stocks were suspended from trading this morning pending the release of a material announcement .
Prior to the latest trading suspension, the closing share price for Ancom stood at RM1.68 for a market capitalisation of about RM406.16 million. The stock had soared 64.7% year-to-date from RM1.02 apiece earlier this year. ....

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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
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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. ....

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S5 Systems clears the air on 'political links

S5 Systems clears the air on 'political links
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