Latest news with #AncomNylex
Malay Mail
a day ago
- Business
- Malay Mail
Ancom Nylex moves to take full control of delisted Nylex through capital reduction plan
KUALA LUMPUR, June 7 — Ancom Nylex Bhd is seeking to take full ownership of its former subsidiary, Nylex (M) Bhd, following the latter's delisting from Bursa Malaysia in March this year. According to The Edge, the proposal involves a selective capital reduction and repayment exercise, with entitled shareholders set to receive a total capital repayment of RM5.3 million, or 5.1 sen per share, in cash. The exercise is to be carried out by Ancom Nylex and its wholly owned unit, Rhodemark Development Sdn Bhd. The two entities, which currently control 42.21 per cent of Nylex, will become the sole shareholders upon completing the plan. The offer price of 5.1 sen per share for the remaining 103.89 million shares, representing a 57.79 per cent stake, is based on Nylex's net assets of RM16.96 million, minus deferred tax assets of RM7.79 million, divided by its share base of 179.79 million shares. According to the report, in a letter of offer issued yesterday, Ancom Nylex and Rhodemark said the proposed capital reduction exercise would be funded through Nylex's internal funds. Several persons acting in concert (PACs), who collectively own a 0.33 per cent stake in Nylex, are also participating as entitled shareholders. The PACs include Datuk Siew Ka Wei and his family, Tan Sri Mohamad Fuzi Harun, Low Huoi Seong, Rizainal Mustaffa, and Asmariah Ismail. Siew, who serves as Nylex's group managing director and is also the executive vice chairman of Ancom Nylex, is among its major shareholders. Ancom Nylex and Rhodemark explained that consolidating full control of Nylex would provide them with greater flexibility in determining the company's business direction, The Edge reported. They also noted that the plan offers entitled shareholders a timely opportunity to realise their investments. As of the end of May, Nylex had 12,145 shareholders. Nylex was delisted on March 11 after failing to secure an extension to submit its regularisation plan. It had been classified as a Practice Note 17 (PN17) company following the divestment of all its assets and liabilities to Ancom Nylex, then known as Ancom Bhd, in January 2022. The RM179.3 million deal was a mix of cash and shares. Shares in Ancom Nylex closed at 95 sen yesterday, up half a sen or 0.53 per cent, giving the company a market capitalisation of RM1.11 billion.
Malay Mail
23-05-2025
- Business
- Malay Mail
Viktor Axelsen inspires Malaysian kids at KLGCC in badminton masterclass
KUALA LUMPUR, May 23 — Ancom Nylex Berhad and HELM Asia brought global badminton icon Viktor Axelsen here yesterday for an event blending sports inspiration with corporate partnership. Held at the Kuala Lumpur Golf & Country Club, the event opened with Axelsen mentoring children in badminton, delivering playful yet instructive sessions. The highlight for many was the champion's personal engagement with each child, making them feel like stars in their own right. Children of BAM coach Yogendran Krishnan, Mischa Anne and Roen Dhavin, also joined the session and held their own against Axelsen. 'It's about giving them exposure,' Yogendran said, noting how rare and valuable the experience was for aspiring players. Axelsen, a father himself, tailored his coaching to be fun and uplifting, drawing out smiles and grit in equal measure. 'It's about falling in love with the game,' Axelsen told guests later, reinforcing the emotional core of the event. After the court session, corporate figures joined the athletes in a banquet setting that spotlighted Ancom and HELM's ongoing collaboration. Ancom's Executive Vice Chairman Datuk Siew Ka Wei said, 'These partnerships aren't just for one evening — they're about building enduring relationships.' HELM Asia's Kew Hui Chin also highlighted the alignment of values: 'Viktor's journey... mirrors the principles HELM holds dear.' Speaking from the stage, Axelsen noted, 'It's one of the best things about being a professional athlete — inspiring the young generation.' Reflecting on character development, he said, 'If you teach kids to treat people with respect... we're helping them find their passion.' On the future of badminton, Axelsen added, 'I would much rather see bigger tournaments lasting over more days, like the Grand Slams.' A two-time Olympic Champion (2020 Tokyo and 2024 Paris), two-time World Champion (2017 and 2022), and four-time European Champion, Axelsen is one of the most successful male players in badminton history.
![[Watch] [Photos] When Viktor Axelsen Traded Olympic Gold For Playground Dreams: Teaching Malaysian Kids The Love Of The Game](/_next/image?url=https%3A%2F%2Fwww.therakyatpost.com%2Fwp-content%2Fuploads%2F2025%2F05%2FUntitled43-2.jpg&w=3840&q=100)
![[Watch] [Photos] When Viktor Axelsen Traded Olympic Gold For Playground Dreams: Teaching Malaysian Kids The Love Of The Game](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Ftherakyatpost.com.png&w=48&q=75){kind=small}
Rakyat Post
23-05-2025
- Sport
- Rakyat Post
[Watch] [Photos] When Viktor Axelsen Traded Olympic Gold For Playground Dreams: Teaching Malaysian Kids The Love Of The Game
Subscribe to our FREE The energy is just beginning to surge inside the gleaming badminton hall as the late afternoon light sets on the prestigious Kuala Lumpur Golf & Country Club (KLGCC). Two-time Olympic champion Viktor Axelsen, known for his towering presence both in height and achievement, is about to transform an ordinary Thursday evening (22 May) into something extraordinary. Watch closely, and you'll see the gentle giant of badminton crouch down to eye level with a nervous 12-year-old. 'Ready?' he asks with a smile that could melt Olympic ice. The shuttlecock flies, and suddenly, age, height, and achievement gaps disappear in the simple joy of a rally. This is how legends are born – not in the roaring stadiums, but in quiet moments when champions remember they were once dreamers too. Axelsen shares a special moment with a young badminton enthusiast, demonstrating proper racquet technique across the net. (Pix: Ancom Nylex) A Champion's Gift To Young Dreamers For siblings Mischa Anne and Roen Dhavin Yogendran, aged 10 and 9, this isn't their first brush with badminton royalty. As children of Yogendran Krishnan, the current men's singles coach at Badminton Association of Malaysia (BAM), they've grown up in the shadows of champions. But today feels different. Their father watches from the sidelines as his children, who've been wielding racquets for just two years, face off against one of the sport's most towering figures – literally and figuratively. (Video: Sugita Kunalan) 'It's about giving them exposure,' Yogendran spoke to TRP with the knowing smile of a coach who's shaped many champions. His eyes light up as both his children manage to score a point each against Axelsen, who's masterfully walking the line between being inspiring and entertaining. The Danish champion, who is also a two-time World Champion and a four-time European Champion, has a natural way with kids, making each rally feel like a grand final while keeping the atmosphere playful and light. Siblings Mischa Anne (right) and Roen Dhavin (left) showcase their achievements on the badminton court alongside a cardboard standee of Axelsen. (Pix: Fernando Fong) Falling In Love With The Game: A Champion's Gentle Touch On that special day, organised by Young badminton enthusiasts, some barely tall enough to reach Axelsen's waist, will have their thirty minutes of magic. Parents, phones raised like Olympic torches, will capture every serve, every smile, and every moment their children share court space with the Danish champion and HELM-sponsored athlete, whose own journey from young dreamer to Olympic glory has inspired millions. Axelsen signs autographs for young fans during the badminton session. His cardboard cutout is visible in the foreground while he gives personal attention to each young admirer's memorabilia. (Pix: Ancom Nylex) 'It's not about perfect form at this age,' Axelsen would later explain during the evening's formal program. It's about falling in love with the game. And fall in love they do, these young players, their faces flushed with excitement as they attempt to return his gentle serves. Each successful shot is met with encouraging nods from the champion himself. Like a rock star holding court with his tiniest fans, Axelsen takes time to inspire the next generation, posing with a group of wide-eyed kids at KLGCC. (Pix: Ancom Nylex) Legends And Leaders: An Evening of Shared Wisdom As the court activities wind down, the event seamlessly transitions into its second act at the banquet hall. Dato' Siew Ka Wei, Executive Vice Chairman of Ancom Nylex Berhad, takes centre stage, followed by Kew Hui Chin, the Managing Director and President Chemicals of HELM Asia.. Both share insights that bridge the gap between sporting excellence and corporate success. 'These partnerships aren't just for one evening — they're about building enduring relationships,' reflected Siew at the event, which was, at its heart, a celebration of partnerships between Ancom and HELM. Meanwhile, Kew emphasised how the evening's theme of celebrating partnerships deeply resonated with Helm's core values. Like our connection with Viktor, our strategic alliance with Ancom Nylex exemplifies this philosophy. Viktor's journey – his resilience, ability to inspire young athletes, and grace in handling setbacks – mirrors the principles HELM holds dear. Corporate meets court as Siew trades insights with Axelsen. (Pix: Fernando Fong) Inspiring the Next Generation: A Champion's Perspective Axelsen spoke his heartfelt words from the stage. 'I'm always happy being able to inspire, especially the young generation. To see kids push forward, inspired by badminton – that's an amazing privilege. It's one of the best things about being a professional athlete,' he shared. The Dane, a father of two, spoke passionately about nurturing young talent. Of course you want the best for children. If you teach kids to treat people with respect, to be hardworking, we're not pushing them but helping them find their passion. He smiled, adding, 'I wish they find something they love to do, and it can be anything in the world. I played football when I was younger.' Axelsen also opened up about his personal journey, discussing his battles with back pain and what he considers his biggest challenge – the road to his second Olympic gold, both on and off the court. Adding to the evening's excitement, lucky draw winners received coveted Axelsen memorabilia, including signed books, jerseys and shirts. (Pix: Fernando Fong) Looking Ahead: From Scoring Systems to World Championships He offered his view when asked about the proposed The matches will be shorter. From my perspective, it might be better, though perhaps 5 sets of 11 would be preferable. I would much rather see bigger tournaments lasting over more days, like the Grand Slams. As the conversation wrapped up, Axelsen confirmed he's ready for another World Championship campaign. His sharing was followed by a video presentation of Axelsen's journey, which captured everyone's attention. It's a reminder that behind every success story, whether in sports or business, lies years of dedication and countless unseen hours of hard work. An intimate glimpse into the life of badminton's finest, as guests at the special evening witness the many dimensions of Axelsen. From Olympic glory to tender family moments, the documentary captures the essence of a champion who balances sporting excellence with the warmth of fatherhood. (Pix: Fernando Fong) Where Dreams Take Flight: Beyond The Business of Sport The evening culminates in a trophy ceremony for Ancom Nylex badminton champions, followed by eagerly anticipated photo sessions. However, the most genuine smiles were already captured during those precious court-side moments. Among those present were sporting legends: Badminton Association of Malaysia (BAM) singles head coach Kenneth Johansson, former two-time Malaysia Open champion Ong Ewe Hock and professional men's doubles shuttler Tan Wee Kiong. Badminton royalty and fans gathered at the Ancom Nylex x HELM event – (from right) Yogendran, Johansson and Ong shared the frame in a confluence of talent. (Pix: Fernando Fong) This isn't just another corporate event – it's where business suits and sports jerseys find common ground, where handshakes are as crucial as backhands, and where future champions might find their spark. As the night draws to a close at KLGCC, attendees leave with a mix of business cards and signed memorabilia, but more importantly, with the reminder that excellence begins with a dream and a willing mentor. Guests seized the opportunity to capture memorable photographs with the Olympic champion, creating lasting mementoes of the evening. (Pix: Fernando Fong) It's an evening when corporate Malaysia proves that sometimes the most meaningful connections aren't made across conference tables but across badminton courts. And somewhere in that badminton hall, young players will go home knowing they returned Axelsen's serves—sometimes, that's all it takes to start believing in impossible dreams. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Malay Mail
07-05-2025
- Business
- Malay Mail
Ancom Nylex Terminals boosts storage capacity with RM25m investment, eyes further expansion based on demand
PORT KLANG, May 7 — Ancom Nylex Terminals Sdn Bhd (ANT) has completed the construction of five new storage tanks at its facility here, increasing its storage capacity by 10,000 cubic metres (CBM). According to ANT General Manager Serena Khoo, the RM25 million project aims to meet rising demand from both existing and new customers, particularly in the base oil and solvent sectors. 'We recently built five new tanks with a total capacity of 10,000 CBM. Out of these, two are large tanks with a capacity of 3,000 CBM each. The remaining three are smaller tanks, two with 1,500 CBM each and one with 1,000 CBM. 'Most of our clients require smaller parcel storage, and only a few need capacities as large as 5,000 CBM. That's why we don't build massive tanks, but focus on what the market needs,' she said. Khoo said additional tanks might be constructed once the existing space has been fully utilised. Although space is limited, a potential site has been identified where three to four more tanks could be built. — Picture by Yusof Mat Isa She also explained that the move is part of a long-term strategy to diversify the company's offerings. Having previously focused on petrochemicals, she said the company has shifted towards base oils due to stagnating growth in the chemical sector. 'Our operations initially focused on petrochemical products. However, growth in that sector has become stagnant. Although demand remains steady, it is not increasing. With the rise of environmental, social, and governance (ESG) policies, we are seeing a shift back to natural alternatives,' she said. She went on to say that the company transitioned to base oil storage in 2020, as its tank facilities — which lack heating, cooling or blending capabilities — are best suited for basic storage activities such as receiving and dispatching products. Ancom Nylex Terminals transitioned to base oil storage in 2020, as its tank facilities — which lack heating, cooling or blending capabilities — are best suited for basic storage activities such as receiving and dispatching products. — Picture by Yusof Mat Isa Khoo added that the company is currently working with a new client on a solvent-based product, though further details cannot be disclosed due to confidentiality. 'Given that our tanks are basic, they are not equipped with heating, cooling, or blending systems and we are limited to storage services that involve transferring products in and out. 'Base oil was a suitable fit under these constraints,' she said. On future expansion, she said the board is open to constructing additional tanks once the existing space has been fully utilised. Although space is limited, a potential site has been identified where three to four more tanks could be built. 'This location is being considered for the next phase of development, but a timeline has yet to be confirmed,' she said. Construction of the facility began in 2020 and was completed in early 2025. — Picture by Yusof Mat Isa She also noted that the company operates solely as a service provider and does not own the products stored in its tanks. She said all customs declarations are made under the names of its clients. 'The products stored in our tanks do not belong to us. All customs declarations are made under the names of our clients. 'Our role is to provide storage space and supporting services such as drumming, loading into road tankers, and general handling,' Khoo added. Khoo said construction, which began in 2020 and was completed in early 2025, faced slight delays due to tight security regulations at Westports and prolonged local authority approvals.
