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KUALA LUMPUR, Oct 26 — Ancom Bhd said its shareholders have agreed to its proposal to fully acquire Nylex (Malaysia) Bhd for RM179.3 million, during an extraordinary general meeting today. The acquisition will include a net payment of RM96.7 million in order for Ancom to acquire the remainder of...
Ancom, Nylex down on proposed acquisition of latter's assets, liabilities The Edge 5 hrs ago Chong Jin Hun © Provided by The Edge KUALA LUMPUR (April 30): Share prices of Ancom Bhd and 50.27%-owned associate Nylex (Malaysia) Bhd fell in morning trade on Bursa Malaysia today after Ancom announced on Wednesday its proposed acquisition of Nylex’s assets and liabilities for RM179.29 million or RM1 a share. At the time of writing today, Ancom Bhd’s share price had fallen two sen or 1.19% to RM1.66, while Nylex was down by seven sen or 7.73% at 83.5 sen. More to come
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 capitalisat...
KUALA LUMPUR (April 28): Ancom Bhd has proposed to acquire all the assets and liabilities of Nylex (Malaysia) Bhd for RM179.3 million. It has submitted a formal offer to the board of Nylex on the matter, the agricultural and industrial chemicals manufacturer said in a statement today, confirming a report by theedgemarkets.com earlier in the day. "As Ancom currently holds approximately 50.3% in Nylex, this will be set off against its entitlement under the proposed distribution. "Accordingly the net consideration for the proposed acquisition payable by Ancom will be RM96.7 million (net purchase...
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...