AME Elite, AME REIT get approval for RM100.8mil industrial properties transaction
According to the company, the three industrial properties were i-Park SAC 34, i-TechValley 35 and i-TechValley 36, located within AME Elite's industrial parks in Iskandar Malaysia.
In a statement today, AME Elite executive director and group chief executive officer Dylan Tan Teck Eng said the shareholders' approval reinforces the strength of its integrated model.
"Completing this transaction unlocks capital for redeployment in our industrial park development plans, where we are advancing key initiatives like the Northern TechValley in Penang and our joint venture in Selangor with KLK Land," he said.
Tan added that the approach allows the company to capitalise on robust foreign and domestic direct investments, alongside strong demand for high-quality, integrated industrial space solutions, while strengthening a recurring income base via AME REIT.
AME REIT initiated its latest acquisitions in the financial year 2025, involving seven industrial properties totalling RM220.3 million. - Bernama
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