Radium Development records profit before tax of RM15.77 mil for 4QFYE2023
Radium Development also maintained a gross gearing ratio of 0.
Radium Development also maintained a gross gearing ratio of 0.
Kerjaya Prospek, in a bourse filing on Nov 23, said that its solicitor had issued a letter to BCM, instructing the company to pay the RM20 million within seven days from Nov 21, failing which legal action will be initiated.
According to Radium, its revenue and profit for the quarter under review came mainly from the Residensi Vista Sentul, Suite Canselor and Residensi Desa Timur projects.
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Back in 2021, Kanger had already acquired 126 serviced apartments at Levels 30 to 45 in Tower A, Antara Genting Highlands Resort Suites for RM142.
With a gross development value (GDV) of RM200 million, the Lifestyle Suites tower comprises 651 small office units and priced from RM240,000.
It was reported earlier this week that SPNB Aspirasi had filed a RM141 million lawsuit accusing Azizi, property developer Tunas Tunas Manja Development & Construction Sdn Bhd and 10 others, of conspiring to defraud the company over an affordable housing project in Kuantan, Pahang, using a similar modus operandi.
SOHO Suites 2 will consist of 664 units with built-ups from 450 sq ft, priced from RM472,000 each.
Radium Development is a property developer of mostly high-rise residential projects in Kuala Lumpur.
TwinPines Serviced Suites features 1,443 units in two towers, with built-ups ranging from 379 sq ft to 1,330 sq ft.