Market news —
AME REIT will on September 20 become a new listed industrial REIT on the Bursa Malaysia stock exchange:
AME REIT’s IPO entails an offer of 254.8 million units at a retail price of RM1.15 per unit, representing 49.0 per cent of the total 520.0 million units. It is scheduled for listing on Sept 20, 2022.
The trust will start with 34 industrial properties from its sponsor, AME Elite Consortium.