PETALING JAYA: AME Elite Consortium Bhd
has secured its shareholders’ approval for the proposed listing of its real estate investment trust (REIT) on the Main Market of Bursa Malaysia.
In a statement, the leading integrated industrial space solutions provider said the listing of AME-REIT, to be completed by the third quarter of 2022, could potentially raise RM254.8mil based on an illustrative offer price of RM1 per unit.
Of the illustrative proceeds to be raised, RM105mil will be used to repay borrowings, RM4.5mil for expenses relating to establishing the REIT, and the balance of RM145.3mil for future industrial property development and investment projects including land acquisitions and joint ventures.
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