AME Elite to buy 176.5 acres in Pontian for RM199.8m

AME Elite Consortium Bhd is acquiring 176.5 acres of freehold land in Mukim Jeram Batu, Pontian, Johor, for RM199.8 million cash to expand its industrial land bank within the Johor-Singapore Special Economic Zone. The purchase, made through two wholly owned subsidiaries, is targeted for completion in the first half of 2027 and follows a separate 31.8-acre buy in Senai.