DONE DEAL: Luxury bungalow, Bukit Tunku, Kuala Lumpur DONE DEAL: Serviced apartment, Silverscape Luxury Residences, Melaka This plot of agricultural land is situated in the town of Ringlet, Cameron Highlands.
According to the minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed, PEMUDAH decided the government should endeavour to protect the rights of condominium and apartment buyers by ensuring that such a practice is in place.
This was after AME REIT, the REIT arm of industrial property developer AME Elite Consortium Bhd had made its debut on Bursa Malaysia on Tuesday.
Lee said AME REIT is capable of acquiring up to RM480 million worth of assets based on its gearing of 8% currently.
AME REIT has an initial portfolio of 34 industrial properties and dormitories that are 100%-tenanted, with multinational corporations making up more than 90% of total net lettable area of leased industrial properties.
The IPO exercise entails an offering of 254.
Hong Leong Investment Bank is appointed as the principal adviser, sole underwriter and joint bookrunner, together with RHB Investment Bank Bhd.
PETALING JAYA (June 3): Integrated industrial space solutions provider AME Elite Consortium Bhd continues to attract foreign direct investment (FDI) with its latest addition, Nasdaq-listed medical device giant Insulet Corp.
KUALA LUMPUR (May 26): Industrial property developer AME Elite Consortium Bhd saw its net profit fall 9% to RM48.
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