News about AME

Powerhouse is part of Chelsea Waterfront, a luxury development located on the northern bank of the River Thames in the Royal Borough of Kensington and Chelsea.

It was the second distribution whereby AME REIT distributed 100% of the quarter’s distributable income to its unitholders.

Bok Yu’s sister Teo Chee Teng, 25, was newly appointed as SHH Resources' managing director on Feb 21, after Wee Cheng resigned citing other personal commitments.

In a note on Thursday (April 13), the research house initiated a target price of RM1.

“The increase in UDA’s equity to RM500 million will also reduce the debt-to-equity ratio by 60.

Details on the loan tenure and interest rates were not disclosed in the Dewan Rakyat's order paper.

“AME REIT would have remaining financing headroom of more than RM430 million to explore future acquisitions, be they from AME Elite or from third-party sources within and beyond Johor, to sustain our momentum.

AME Elite said the new building facility in i-Park@Senai Airport City will have a built-up area of approximately 300,000 square feet, which will replace the existing factory at another site in Johor Bahru to increase production capacity.

"Upon completion of the proposed acquisitions, AME REIT retains a premium portfolio of 37 properties containing freehold industrial properties and worker dormitories with steady tenancies.

AME group managing director Kelvin Lee Chai said that strong demand was recorded not only for its existing i-Parks, but also its newly-launched 169.