AME Elite Consortium Berhad (KLSE:AME) will look for acquisitions. AME Elite Consortium aims to raise MYR 254.8 million from its proposed establishment and listing of a real estate investment trust (AME REIT) on Bursa Malaysias Main Marketby the second quarter of 2022 (Q2 2022). AME Elite Consortium said of the MYR 254.8 million proceeds, which is based on an illustrative offer price of MYR 1.00 per unit, MYR 160.5 million would be used for future industrial property development and investment projects, including land acquisitions and joint ventures.