19/08/2022
New IPO Alert! AME Real Estate Investment Trust (AME REIT) 🏢
AME REIT aims to expand its portfolio into central and northern of Peninsular Malaysia by pursuing yield accretive asset acquisitions from third-party vendors.
According to their chairman and executive director Simon Lee Sai Boon, key economic zones such as Selangor in the central region, Johor in the southern region and Penang in the northern region often attract local and foreign direct investments.
The IPO comprises a retail offering of up to 174.8 million units, out of which up to 156.6 million units will be offered to shareholders of AME Elite on a one-for-five basis, 10.4 million units will be made available to the Malaysian public and 7.8 million units have been set aside for eligible directors and employees of AME Elite and its subsidiaries.
To find out how you can subscribe to this IPO, visit this link for more info: https://bit.ly/eipoapply
Source: The Edge Markets
