KUALA LUMPUR (March 6): Construction and property player AME Elite Consortium Bhd (KL:AME) is acquiring two parcels of freehold land measuring a total of 31.82 acres in Senai, Johor, for RM101.18 million, cash, from Nice Frontier Sdn Bhd (NFSB). Under the first agreement, AME’s wholly owned unit Twin Sunrich Sdn Bhd will acquire the first parcel of land for RM41.32 million. The second agreement will see another wholly owned subsidiary, Golden Symphony Sdn Bhd, acquire the second parcel for RM59.87 million. NFSB is an indirect 99.9%-owned subsidiary of IOI Properties Group Bhd (KL:IOIPG). As at end-December 2025, the group’s cash and cash equivalents stood at RM888.31 million.

Source: The Edge Markets March 06, 2026 10:30 UTC