AME Elite Consortium to issue 85.4m new shares under IPO

From left are Jaimie Sia Zui Keng, executive director, head, capital markets of RHB Investment Bank Bhd; Jeffri M. Hashim, chief executive officer, CIMB Investment Bank Bhd; Kelvin Lee Chai, group managing director of AME Elite Consortium Bhd and Simon Lee Sai Boon, executive director of AME Elite.

KUALA LUMPUR: Industrial space solutions provider AME Elite Consortium Bhd is issuing 85.4 million new shares to the public under its proposed listing on the Main Market of Bursa Malaysia Securities.

The 85.4 million shares represent 20% of the group’s enlarged share base of 427.1 million shares, the company said in a statement on Wednesday.