AME REIT Grants Final Extension For Sale Of Industrial Properties To Digital Hyperspace

Quick Summary:

AME Real Estate Investment Trust (AME REIT) has announced a final extension for the completion of its proposed sale of industrial properties to Digital Hyperspace Sdn Bhd, with an explicit removal of any further remedial grace periods should the buyer fail to fulfill the terms of the agreement.

AME REIT stated it would continue to update Bursa Malaysia on further developments as they occur or upon receiving any new directions from the relevant authorities.

The transaction, once concluded, is expected to provide AME REIT with substantial capital to reinvest into high-yielding assets and support its long-term growth strategy.

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: MalaysiaJapan

Topics: Property AME reit News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 04:58:28 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28593433

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