Radium Development to raise RM434mil via IPO en route to main market listing

KUALA LUMPUR: Radium Development Bhd (Radium), a Kuala Lumpur-centric property developer, has launched its prospectus today in conjunction with its proposed May 31 listing on Bursa Malaysia’s Main Market.

The company eyes to raise RM434 million from the initial public offering (IPO) with a view to reinforce its Kuala Lumpur presence mainly by shoring up its land bank for future development.