Main-Market-bound Radium signs underwriting agreement with Malacca Securities, CIMB Investment Bank

From left: Lim Chia Wei, managing director, Malacca Securities; Datuk Gary Gan Kah Siong, group managing director, Radium Development; and Nor Masliza Sulaiman, group head investment banking and deputy CEO, CIMB Investment Bank

KUALA LUMPUR: Property developer Radium Development Bhd has inked an underwriting agreement with Malacca Securities Sdn Bhd and CIMB Investment Bank Bhd in conjunction with its initial public offering (IPO) on the Main Market of Bursa Malaysia.

In a statement, Radium said its IPO exercise involves a public issuance of 868 million new shares, representing 25% of its enlarged share capital.