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.