Radium development's public tranche of IPO fully subscribed

KUALA LUMPUR: Radium Development Bhd’s public tranche of 273 million shares for its initial public offering (IPO) made available for application by the Malaysian public has been fully subscribed.

In a statement today, the property development company said it received a total of 10,496 applications for 279.12 million shares at an issue price of RM0.50 per share.