AME Elite to raise RM111.1m from IPO

AME Elite Consortium Bhd plans to raise RM111.10mil from the issuance of 85.4 million new shares at RM1.30 each.

KUALA LUMPUR: Integrated industrial property solutions provider AME Elite Consortium Bhd plans to raise RM111.10mil from the issuance of 85.4 million new shares at RM1.30 each as it seeks to list on the Main Market of Bursa Malaysia.

A total of RM69.10mil would be for future industrial property development and investment projects including land acquisitions and joint ventures, within 36 months from listing, it said on Tuesday following the launch of its prospectus.