AME will get SC nod for REIT itemizing


PETALING JAYA: AME Elite Consortium Bhd has acquired approval from the Securities Fee for the proposed institution and itemizing of AME Actual Property Funding Belief (REIT) on the Primary Market of Bursa Malaysia.

In a submitting with Bursa Malaysia, it mentioned the institution of AME REIT, an Islamic REIT, can have an preliminary fund dimension of 520 million items.

“The proposed itemizing is topic to the approval of Bursa, AME shareholders, shareholders of the distributors and consent from the financier,” it mentioned. — Bernama

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