KUALA LUMPUR (Sept 24): Main Market-bound integrated industrial property solutions provider AME Elite Consortium Bhd aims to raise RM166.6 million from its initial public offering (IPO) on Bursa Malaysia.

Of the IPO proceeds, RM111.1 million will be primarily for the group's business expansion, while the remaining RM55.5 million will go to the selling shareholders via an offer-for-sale.