Radium Development inks underwriting agreement with Malacca Securities and CIMB Investment Bank

Property developer Radium Development Bhd has inked an underwriting agreement with Malacca Securities Sdn Bhd and CIMB Investment Bank Bhd in conjunction with its upcoming initial public offering (IPO) on the Main Market of Bursa Malaysia Securities Bhd. The IPO exercise involves a public issuance of 868 million new shares, representing 25% of its enlarged share capital.

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