Mohamed Al Amin steps down as Nylex chairman, Ancom director

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KUALA LUMPUR (August 3): Nylex (Malaysia) Bhd executive chairman Tan Sri Mohamed Al Amin Abdul Majid has resigned, citing other commitments.

Ancom Bhd, the holding company of Nylex with a 14.91% stake, also announced the resignation of Mohamed Al Amin as its non-independent and non-executive director.

In their respective filings with Bursa Malaysia today, Nylex and Ancom expressed their appreciation to Mohamed Al Amin, 62, for his commitment and dedication and contribution to the remarkable growth of the group, particularly in its chemical business.

According to Nylex's Annual Report 2017, Mohamed Al Amin joined the board of directors on July 30, 2003 as non-executive chairman and was re-designated as executive chairman on Feb 1, 2010.

He began his career as a project engineer with Perak State Development Corp (PSDC) in 1979 and was later appointed as executive director of Maju Bangun Sdn Bhd, a subsidiary of PSDC. Subsequently, he started his own business involved in a wide range of businesses such as construction, investment, distributorship, general trading and project management.

Currently, Mohamed Al Amin is the executive chairman of Country View Bhd and Redberry Sdn Bhd and the chairman of SME Corp Malaysia.

Nylex shares closed up one sen or 1.45% at 70 sen today, bringing a market capitalisations of RM136.04 million, while Ancom’s shares gained 0.5 sen or 0.74% to settle at 68 sen, valuing it at RM148.89 million.