4 days ago
AME Elite, AME-REIT get nod for Johor deals
KUALA LUMPUR: AME Elite Consortium Bhd and AME Real Estate Investment Trust (AME-REIT) have secured approval from their shareholders and unitholders for a RM100.8mil transaction involving three industrial properties in Johor.
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 yesterday, 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. — Bernama
