Listing Detail:
Listing Sought: Main Market
Issue Price: RM 1.30

Dates:
Offer Period Open: 24 Sep 2019
Offer Period Close: 30 Sep 2019
Tentative listing date: 14 Oct 2019

Number of shares:
Public Issue: 85,423,000
Offer for Sale: 42,711,800

 

Stock Code: AME

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") OF UP TO 128,134,800 ORDINARY SHARES ("SHARES") IN AME ELITE CONSORTIUM BERHAD ("AME") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARE CAPITAL OF AME ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING A PUBLIC ISSUE OF 85,423,000 NEW SHARES ("ISSUE SHARES") AND AN OFFER FOR SALE OF UP TO 42,711,800 EXISTING SHARES ("OFFER SHARES") INVOLVING:

(A) RETAIL OFFERING OF 17,084,800 ISSUE SHARES TO BE OFFERED IN THE FOLLOWING MANNER:

(I) 8,542,400 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC VIA BALLOTING; AND

(II) 8,542,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF AME AND ITS SUBSIDIARIES ("AME GROUP");

AT THE RETAIL PRICE OF RM1.30 PER ISSUE SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND FINAL RETAIL PRICE (AS DEFINED IN THE PROSPECTUS), IF THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE; AND

(B) INSTITUTIONAL OFFERING OF UP TO 111,050,000 IPO SHARES TO BE OFFERED IN THE FOLLOWING MANNER:

(I) 49,118,300 ISSUE SHARES TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI"); AND

(II) 19,219,000 ISSUE SHARES AND UP TO 42,711,800 OFFER SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS (OTHER THAN BUMIPUTERA INVESTORS APPROVED BY THE MITI);

AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"), SUBJECT TO THE CLAWBACK AND THE REALLOCATION PROVISIONS (AS DEFINED IN THE PROSPECTUS). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF THE RETAIL PRICE OR THE INSTITUTIONAL PRICE.

Company Overview

AME Elite Consortium Berhad provides real estate services. The Company offers property management, development, construction, and engineering solutions. AME Elite Consortium serves customers in Malaysia.

Address & Contact:

No.5, Jalan I-Park SAC 2,
Taman Perindustrian I-Park SAC,
81400 Senai, Johor, Malaysia

Tel: (+60)7 5959 666
Fax: (+60)7 5959 668
Email: corporate@ame-elite.com
Website: https://ame-elite.com/

News: AME Elite Consortium to raise RM111m from Main Market listing

PETALING JAYA: AME Elite Consortium Bhd is targeting to raise RM111.1 million from its proposed initial public offering (IPO) on the Main Market of Bursa Malaysia with an issue price of RM1.30 per share.

Of the proceeds raised, RM69.1 million will be allocated for future industrial property development and investment projects including land acquisitions and joint ventures, according to the industrial property solutions provider’s statement today.

Another RM23 million will be for working capital for the i-Park @ Senai Airport City development; and the RM9 million for the expansion of the group’s precast concrete fabrication capacity.

AME is slated to be listed on Oct 14.

Its IPO consists of a public issue of 85.4 million new shares along with an offer for sale of 42.7 million existing shares.

From the public issue of 85.4 million new shares, 8.5 million shares will be made available for application by the Malaysian public; 8.5 million shares to be allocated for application by eligible directors and employees; 19.2 million shares for placement to institutional and selected investors; and 49.1 million shares for placement to bumiputra investors approved by the Ministry of International Trade and Industry.

AME managing director Kelvin Lee Chai said the the group’s i-Park @ SiLC, i-Park @ Indahpura (Phase 1 & 2) and i-Park @ Senai Airport City have garnered investments from multinational and local corporations across various sectors, such as electronics, logistics, consumer and food.

In addition to expanding its industrial parks to other states in Peninsular Malaysia, it will also focus on completing ongoing industrial park projects and increase the portfolio of industrial properties in Johor.