KUALA LUMPUR: Ancom Bhd
has launched a RM179.3mil bid to acquire Nylex (Malaysia) Bhd's assets and liabilities.
Under the plan. Ancom has proposed for Nylex to distribute RM164.3mil to its shareholders and retain the remaining RM15mil working capital.
Ancom and its subsidiary Rhodemark Development Sdn Bhd have a total shareholding of 50.27% in Nylex.
This means that Ancom will pay RM96.7mil for the takeover.
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