PETALING JAYA: Ancom Nylex Bhd

's wholly-owned subsidiary Nylex Holdings Sdn Bhd has entered into a non-binding term sheet deal with Topnext International Company Ltd to dispose of up to 50% equity interest in Maxlive Sdn Bhd.

In a filing to Bursa Malaysia, Ancom Nylex, a machinery manufacturer, noted Maxlive is a company that was going to be formed as part of an internal restructuring.