AME Elite Consortium inks IPO retail underwriting agreement with CIMB Investment Bank and RHB Investment Bank

• To issue 85.4 million new shares representing 20.0% of enlarged issued share capital
• Industrial space solutions provider eyeing growth opportunities in Malaysia

Kuala Lumpur, Malaysia, 18 September 2019 – Industrial space solutions provider AME Elite Consortium Berhad (AME, the Group, 腾宇集团) signed a retail underwriting agreement with CIMB Investment Bank Berhad, its principal adviser, managing underwriter, joint underwriter and joint bookrunner, together with RHB Investment Bank Berhad, its joint underwriter and joint bookrunner, for its proposed Initial Public Offering (IPO) exercise on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities).

AME is issuing 85.4 million new shares to the public, which represents 20.0% of the Group’s enlarged share base of 427.1 million shares upon conclusion of the IPO. The proceeds from the IPO will be used primarily for capital expenditure and working capital, and to cover listing expenses.

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