Radium

Radium Development and GreenRE: Pioneering Sustainable Urban Living Radium Development Bhd (KL) has made a significant stride towards sustainability by signing a memorandum of understanding (MOU) with GreenRE Sdn Bhd. This partnership underscores Radium’s commitment to integrating green building practices into its projects, aligning with Malaysia’s green agenda and global environmental standards. A...

Radium Development Achieves Revenue Growth and Expands Property Portfolio with New Projects Radium Development Bhd reported a 3.6% year-on-year increase in revenue for the third quarter of the fiscal year ending 2024 (3QFYE2024), reaching RM48.5 million, up from RM46.8 million in the same quarter last year. The company also recorded a significant turnaround in profitability, with profit before tax rising...

Radium Development Acquires Prime Bandar Ampang Land for TOD Project Radium Development Bhd has made a strategic acquisition of a 2.56-acre leasehold parcel in Bandar Ampang, Selangor, for RM45 million through its wholly-owned subsidiary, Mayang Sepakat Sdn Bhd. This marks Radium’s first project outside Kuala Lumpur and reflects the company’s ambition to expand its footprint across key growth areas in...

In a significant announcement, Radium Development Bhd has reported a commendable profit before tax (PBT) of RM15.77 million for the fourth quarter of the fiscal year ending 2023 (4QFYE2023), alongside a revenue generation of RM28.27 million for the same period. This performance is indicative of the group's financial resilience and adept management in navigating the complexities of project dynamics. The...

Radium Development Bhd has introduced its latest property, R Suites Chancery Residences, in Jalan Ampang, Kuala Lumpur. This freehold project spans 2.18 acres and includes 944 residential suites, commercial spaces, exclusive facilities, and a 145-room hotel, managed by a renowned independent KL-based hotel brand. According to Gary Gan Kah Siong, the Managing Director of Radium, the company expects people...

Property developer Radium Development Bhd, en route to a Main Market listing on May 31, has set a price of 50 sen per share for its initial public offering (IPO) exercise that will raise RM434 million. The exercise comprises a public issuance of 868 million new shares, or 25% of its enlarged share capital of 3.47 billion shares. Its expected market capitalisation is RM1.73 billion upon...