Radium Development Bhd, which is principally involved in the development of high-rise residential properties, is seeking a listing on the Main Market of Bursa Malaysia to raise funds for the group's land bank acquisition for future developments in the Klang Valley.

It also hopes to raise funds to repay the group’s bank borrowings, to develop a hotel in Ampang, and for working capital.

According to its draft initial public offering (IPO) prospectus posted on the Securities Commission Malaysia’s website, 800 million new shares will be issued — representing about 25% of its enlarged issued share capital — of which 200 million shares will be made available for application by the Malaysian public.

Of the balance, 400 million will be placed with selected Bumiputera investors approved by the Ministry of International Trade and Industry, while 140 million will be placed out to other selected investors. The remaining 60 million will be made available for application by eligible key senior management, employees and business associates.


RADIUM DEVELOPMENT BERHAD

Opening of application 27 Apr 2023
Closing of application 16 May 2023
Balloting of application 19 May 2023
Allotment of IPO shares to successful applicants 26 May 2023
Tentative listing date 31 May 2023

This post has been edited by nexona88: Jul 10 2023, 04:01 PM

Another umno crony cashing in 🤦‍♀️

Radium's leadership are well known entrepreneur in property industry. They are not political linked.

Stop preaching as they are well known for nice models but bad delivery in projects till defects still laying around for years 🤦‍♀️

Ppl around that Development knows about how unradiant upon delivery 👏

xander83 is your Dupe account that gotten SUS ahh? 😜😋😏

Just realized the post above have almost same name...

Different person 🤦‍♀️ just because got same name doesn’t mean the same person

Many ppl in this world called David doesn’t it mean the same person

Just curious only
Since just saw it above
Chill Bro 😁

800 million shares ? Tats alot of shares.. Better be less than 30c..

Very surprisingly to see them list. The father character totally doesn't seems like a person who will want to do public listing.

Desperate now as liquidity drys up for future projects

If list one vehicle maybe I still understand, they got another construction arm vehicle named Southern Score Bhd which they just reversed took over & came out from PN17 last year Nov 22.

Most likely cash got burned when taking over hence now liquidity drys up and when banks unable to offer working capital this where companies will go to next ipo

Heard 50-60 cent, main board 30 cent where got

needed to see the PE

but looking at price solely... yes.. pricey side

property developer got prospects? Some more is residential, so much overhang already

One year already still not listed?

Not yet get the all the approval needed 🙂

So it's delay

As long as SC doesn’t approved then it can be as long as it wants to be 🤦‍♀️

Wondering what the problem? 🤔

No need to wonder the problem 🤦‍♀️ it is just because of book keeping purposes that SC doesn’t approve

To be listed most important is always is the books hence why company willing pay a starting million dollar to reputable IBs to secure the approval for listing

Again please do read more and dont simply make stupid and misleading statements. Where on earth do you know that the books (financial statements) got problem??

It is now open for application for MITI investors, which means SC has approved and will be listed soon.

Read it almost a year after the started process in the 1st place and only has been approved by SC earlier this year 🤦‍♀️

Even their IBs has been signed but no news yet because of the book keeping hence which is why the process delay 🤦‍♀️

The prospectuses published here have not been registered with the SC under Section 232 of the Capital Markets and Services Act 2007 and is solely for the purpose of seeking comments from the public. 🤦‍♀️

https://www.sc.com.my/resources/prospectus-...elopment-berhad

If it has been approved it won’t be under exposure 🤦‍♀️





This post has been edited by xander2k8: Mar 6 2023, 01:35 AM

is this co. worth 1-2 billion upon listing ?

It's 50/50..

Not so okay.. acceptable ☺️

I think SkyWorld better, at PE 10x. Bro can open new thread for upcoming ipo for DXN n SkyWorld?

already open

https://forum.lowyat.net/index.php?showtopic=5282515&hl=

https://forum.lowyat.net/index.php?showtopic=5338689&hl=

Amazing.

very tough market for property developers

My own experience together with the Google reviews, I must say it's absolutely sensible for you to say this.

This post has been edited by kcp88: Mar 31 2023, 07:35 PM

How bad was your experience? Defects or major pains?

Selepas join iftar bersama Rhadium and Mplus harini, sedikit info yang telah dishare oleh para directors:
.
1) Company rhadium antara company yg bagus kerana profit growth yg meningkat tiap tahun dan PAT (Untung selepas cukai) yg tinggi around 100++ Milion utk tahun lepas, 2022
.
2) Projek2nya semua bernilai 300k-600k, iaitu mampu milik dan lokasi semua di lokasi yg prime, KL only (luar KL diorg tak buat), walking distance to LRT or MRT, seperti Vista Wirajaya, PV9
.
3) Kadar penjualan semua rumah²nya habis terjual - 100% take up even time covid kerana price point yg menarik utk projek² di KL
.
4) Future projects - antaranya pembinaan 1 hotel di KL, untuk menghasilkan sustainable income utk cover overhead company
.
5) IPO raised akan digunakan utk membeli tanah² lagi utk future projects
.
6) Kadar pinjaman yg sngt rendah, dan sngt berdisplin. Setiap kali settle project, full settlement akan dibuat utk settlekan pinjaman utk project berkenaan

7) Kadar dividen yg dijanjikan jugak sngt menarik, around 30% (tak ingt dari pada apa), yg mungkin akan menarik bnyk fund or trustees yg mengejar dividen..kita hold pun boleh makan dividen
.
8) No offer for sale

Prediction harga utk seunit rhadium IPO ialah dalam RM0.50++ (based on talk harini), dan prediction saya based on good performance and profit growth utk company rhadium, insyallah kenaikan 10-30% dari harga IPO (RM0.60-RM0.70) pada hari listing consider kepada sector dan comparison to previous IPO listing (Kitacon), tidak mustahil..apa kata anda?

This post has been edited by abdhadijafar: Apr 4 2023, 06:45 AM

Thanks for the insights datuk..

abdhadijafar Terima Kasih Boss atas maklumat terkini & panas dari ladang

KUALA LUMPUR (April 3): 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.

Radium’s IPO is distinctive in that there is no offer-for-sale component, with all IPO proceeds to be channelled to the group.

The IPO proceeds will substantially be utilised for the acquisition of land bank and development expenditure, as well as hotel construction, demonstrating Radium’s commitment to accelerating its business growth.

Out of the 868 million new shares to be issued, 273 million shares will be made available to the Malaysian public via balloting, followed by 60 million shares to its eligible key senior management, employees of the group and business associates, including any other persons who have contributed to the success of the group.

A further 435 million shares will be offered by way of private placement to selected Bumiputera investors approved by the Ministry of International Trade and Industry, and the remaining 100 million shares for selected investors by way of private placement.

Malacca Securities is the principal adviser, managing underwriter and a joint placement agent for the IPO, while CIMB Investment Bank is a joint underwriter and joint placement agent.

Radium is slated to be listed on the Main Market in the second quarter of 2023.

Harga dah keluar 50sen 👍

Info tambahan dari insider

1. Listing 31 may
2. Harga 50sen
3. 2.9 billion in 5years.. project in pipeline..
4. PAT 2022 around 100-110million (ni masih belum annouce lagi)
5. Akan ada special dividen
6. Mungkin akan ada cornerstones (foreign)
7. Final prospectus akan keluar 27 april
8. Private placement sudah habis

Miti dah keluar ...100%? 🥵

Good luck and all the best.

PS: cctv mode

If MITI allocated 100000 shares but we take up 80000 shares will kena moratorium 6 months ?

Supposedly, either take all or take none (6 months ban).

Tq bro.. Then I think I TOLAK la.. U taking ?

Tq bro.. Then I think I TOLAK la.. U taking ?

Itu hari ipo itmax u tolak tak?

ITMAX saya tak dapat sebab dokumen CDS acct lebih dari 6 bulan. tersalah upload. ..kenapa ?

100% whatever you applied??

Wah like less demand only....

Undersubcribed??

Play safe...tengok sahaja. Pemberani boleh la masuk huhu

Actually I saw it was 2 x subscribed. Don't know why can get 100%.

Kamikaze..

Expect to get burn from Radium 🤦‍♀️

Maybe u gotten second round allocation???

After some "people" rejected earlier 😔

But if we TOLAK the allocation, Don you think will kena the moratorium also ? Bcos is already DIPERUNTUKKAN..

Yes. Its your money man, yours truly. Decide whichever convenient to you.

If you are banned, you still can apply miti after 6 months and you can always try public.

If you lose money which is not confirmed yet, you still can earn from next ipo or miti allocation.

But what if the price soar? Heard fundamental for this ipo is good. Too many possibilities.

I don't apply miti for this one, so going to wait until last day before deciding anything, waiting for evaluation, news etc.

All the best.

I mean to avoid moratorium I have to take up 100% ? If I take 50% can escape moratorium ?

I think no, u can try and let us know ,,😅

OK I will try accept partial... But wait till last day 5/5. Selamat hari raya..
No miti chatroom or WhatsApp group we can join ?

Heard 2-3 cs will take up this ipo..including PNB.. but not confirm yet.. they are waiting for final prospectus on 27hb

Last time 2x oversub miti then last minute many change minds then become undersub because of rumour rm1 per unit..

Needs to wait for official first...

Long list of CS investors also no guarantee would blast like rocket....

Waiting game is on...

Enjoy holiday first 😁

MITI 2X oversubscribed but kena moratorium before so half got rejected.. That's why I can get 100%.... Wait for banks analysis only decide la..

radium sound like radiation counter
hmmmmm...........not too good
what said all of you

those rejected MITI sure would go all out when retail opens up....

But for some of us.. non issues because we all under public retail... Which normally higher oversubscribed rate vs Bumi portions 😁

Same old same old...

See lady luck 🤞

This post has been edited by nexona88: Apr 25 2023, 08:45 PM

Mari Mari 27th opening... Analyse analyse... I still dunno want or not.. Sighhhh

Buy first think later 😀

Typical newbie styles

800 million offer for sales...it is a lot ,it is heavy..if below 200 mill is good..we see the TP first

RADIUM DEVELOPMENT BERHAD

Opening of application 27 Apr 2023
Closing of application 16 May 2023
Balloting of application 19 May 2023
Allotment of IPO shares to successful applicants 26 May 2023
Tentative listing date 31 May 2023

Awesome pat% (FPE 2022) is 30% 😱😱😱
All in!!!!

Buy Buy Buy 🤑💰🎉

Many ipo is coming soon..choose diligently..need to stop trading..kumpul capital to apply ipo

From radium prospectus launching ceremony today

1. >74% holding by directors with no offer for sale
2. Very healthy cash flow
3. Experienced yet young MD with big vision
4. Sustainable business model. Targeting affordable housing fir easier loan approvals. Thus higher sales
5. Comparitive EV/EBITDA of 8x
6. Dividen policy of no less than 30% yearly
7. Healthy margin
8. IPO proceeds primarily to build warchest landbanking

what about PE ratio?

So this Radium no good? 🤔🧐

this property stock .
1. high PE compare with other
2. high volume of offer.

can move?
i will skip. high risk low return category.

could be another kitacon.

at least kitacon about ipo price on first day.

Don't con people good enough 😜😁

Take it or leave it? Autocount no luck..tried 50k unit, not even 1 went through...hopefully radium will bring something good..

There's DXN too for your consideration 😁

Radium 3.468 bil shares vs Kitacon 500 mil shares... We just saw Kitacon price soared and plunged below ipo price. This happened to a good company in bad sector with very small allocation.

Radium too heavy... All the best to shareholders.

both dxn n radium big share base = big market cap. PE ratio much higher than their peers in the same industry. so far still dare not apply unless something changes my mind.

Apply small2...

If less oversubscribed...

At least can get allocation & break the bad luck @ failure long list 😁

And look at those unsold or unlease units laying around in their properties 🤦‍♀️ good luck on those who got and don’t sell it quick on the 1st day

I'm waiting for bank fv before I decide. Dilemma..

Anyway still have Time to think over...

Just chill & enjoy the extended weekend 😁

Or the next one SkyWorld

Oh that's one too 😁

Forgotten about it

How can forget one.. Once u make money fr radium then won't forget skyworld.. Dunia langit wo..

All in!!!

Glowing reviews given...

One must not missed it out....

Buy Buy Buy mode on 😁

Sapuuuu.!!

Wah ini maciam opening 88c le..

Very positive vibe / reviews given...

There's high chance of good openings upon listings 😉

i skip this IPO

Anyone knows why I got all MITI application? Last time I check before deadline, already oversubscribed. Now got all, so better this one open at least RM1.50, baru syiok.

congrats to you becoming orang kaya..how many lots u got fr MITI ?

many people reject...

so they reallocated those didn't get

congrats

Not much, because at that time still doesn’t have price, so only dare apply 200 lots.

200 lots = 100k..good ma..

i am confuse
lots is 100 or 1000 units ?
since bursa change the new quantity to 100 why do still people take 1 lot = 1000 ?

Aiya I am old school.. 1 lot is still 1000 units..

Sometimes I also get confused

That's why don't mention lot but shares...

Because some

1 lot = 1000 shares

1 lot = 100 shares

Newbie sure 100 per lot
But those regular old timers it's 1,000 per lot

I remember those days T+7...1997 super bull run..

I remember those days T+7...1997 super bull run..