Local Government Development Minister Nga Kor Ming said: "This step is one of the collective initiatives between the government and housing developers in providing homes for the people.
The Kuala Lumpur-centric property developer said the RM3.
The rise in net profit was due to higher interest income of RM1.
The property developer said that its net profit and revenue were mainly derived from its ongoing development projects, namely Laurel Residence and Aster Hill, and the sales of stocks from The Goodwood Residence and United Point Residence, according to its filing.
“We believe the premium is justifiable, given Radium’s encouraging profit growth (estimated at 70% in FY2024: FY2025: 36%), supported by strong demand for affordable housing in Kuala Lumpur, positioning Radium favourably to benefit from the market trend.
In conjunction with the listing, SkyWorld’s initial public offering entails a public issue of 208,000,000 new shares representing approximately 20.
You love living in a tranquil neighbourhood surrounded by greenery, away from the busy hustle of the city centre.
The green business park has attracted more than 100 enterprises from various industries such as F&B sectors; FMCG wholesalers and distributors; E-commerce & logistics warehouses; furniture businesses; electrical & electronic businesses and manufacturers of cans and roller shutters.
As of end-March, he said the ministry had identified a total of 657 problematic housing projects, of which 435 were categorised as “sick” projects, 112 were abandoned projects, and 110 were delayed projects.
SkyWorld Capital — a funding vehicle of parent SkyWorld Development Bhd — undertook the sukuk issuance, and has extended an irrevocable and unconditional guarantee on the programme.
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