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Date : 25 October 2018

OTHERS NYLEX (MALAYSIA) BERHAD - DISPOSAL OF SHARES IN ANCOM KIMIA SDN. BHD.

NYLEX (MALAYSIA) BERHAD

Type Announcement
Subject OTHERS
Description
NYLEX (MALAYSIA) BERHAD 
-	DISPOSAL OF SHARES IN ANCOM KIMIA SDN. BHD.

Pursuant to Chapter 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Nylex (Malaysia) Berhad (“Nylex” or the “Company”) wishes to announce that its wholly owned subsidiary, Perusahaan Kimia Gemilang Sdn Bhd (“PKG”) had on 25 October  2018, entered into a Share Sale Agreement (“Agreement”) with Retromark Solutions Sdn Bhd (“the Purchaser”) for the disposal of 660,000 ordinary shares (“Sale Shares”), representing 30% of the issued and paid-up share capital in Ancom Kimia Sdn. Bhd. (“AKM”), a 60% owned subsidiary of PKG, to the Purchaser for a total consideration of RM1,000,000 (“Purchase Price”) (“Proposed Disposal”).

Upon completion of the Proposed Disposal, AKM shall cease to be a subsidiary and become an associate of PKG.

 The full details of the description are stated in the file attached.

This announcement is dated 25 October 2018.




Please refer attachment below.



Announcement Info

Company Name NYLEX (MALAYSIA) BERHAD
Stock Name NYLEX
Date Announced 25 Oct 2018
Category General Announcement for PLC
Reference Number GA1-25102018-00119



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