Ancom Nylex buys 70% stake in Colorex


PETALING JAYA: Integrated chemical group Ancom Nylex Bhd is acquiring 1.4 million shares or a 70% stake in Colorex Sdn Bhd for RM14mil.

In a filing with Bursa Malaysia, Ancom said its wholly-owned subsidiary, Nylex Holdings Sdn Bhd, had entered into a share sale agreement with Loke Yeak Thong and Lim Tiak Cheong (vendors), who each have a 50% stake in Colorex.

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