Ancom Nylex in RM4mil ACT buy

PETALING JAYA: Ancom Nylex Bhd’s wholly owned subsidiary, Synergy Tanker Sdn Bhd, has completed the acquisition of 25% interest in Ancom-Chemquest Terminals Sdn Bhd (ACT) from Chemquest Sdn Bhd for RM4mil cash.

Ancom Nylex’s 34%-owned Ancom Logistics Bhd has an effective 51% ownership of ACT, thus giving Ancom Nylex an effective 17% stake in ACT. With the stake buy, it now has an effective interest of around 42% in ACT.

Ancom Nylex is now in the process of buying the remaining 24% stake in ACT from Surasak Suwanapasri for RM3.8mil cash, the company said in a filing with Bursa Malaysia yesterday.