AME REIT eyeing to buy three more industrial properties from sponsor
Lee said AME REIT is capable of acquiring up to RM480 million worth of assets based on its gearing of 8% currently.
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.
KUALA LUMPUR (May 11): AME Elite Consortium Bhd said it has secured its shareholders’ approval for the proposed listing of AME Real Estate Investment Trust (REIT) on the Main Market of Bursa Malaysia Securities Bhd, at an extraordinary general meeting held on Wednesday.
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KUALA LUMPUR (March 28): AME Elite Consortium Bhd has obtained the approval from the Securities Commission Malaysia (SC) for the proposed establishment and listing of an industrial real estate investment trust (REIT), AME REIT, on the Bursa Malaysia Main Market.