Radium Development Berhad Successfully Concludes 10th Annual General Meeting

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KUALA LUMPUR, THURSDAY, 27 JUNE 2024 – Radium Development Berhad (“Radium”) is pleased to announce the successful conclusion of its 10th Annual General Meeting (“AGM”), held at Platinum Hall @ Platinum Suites, Kuala Lumpur. All proposed resolutions were passed with robust shareholder support, underscoring the company’s strong governance and strategic direction.

Key highlights of the AGM include:

  • Acknowledgment of audited financial statements for the year ended 31 December 2023
  • Re-election of Datuk Gan Kah Siong, Mr. Gan Tiong Kian, and Datuk Sydney Lim Tau Chin as Directors
  • Re-appointment of Baker Tilly Monteiro Heng PLT as auditors
  • Authorisation for Directors to issue and allot shares up to 10% of total issued shares
  • Approval of mandate for recurrent related party transactions

The attendance by the shareholders at the AGM was encouraging; with the attendees actively engaged in productive discussions and exercised their voting rights during the event. This strong turnout reflects the ongoing interest and trust of its investor base in Radium’s vision and operations.

Datuk Gary Gan Kah Siong, Group Managing Director of Radium Development Berhad, commented on the AGM’s outcome: “The resounding support from our shareholders at this 10th Annual General Meeting is a testament to our shareholder’s unwavering confidence in Radium’s strategic vision and corporate governance. As we navigate the evolving property landscape, Radium remains steadfast in our commitment to delivering sustainable value and achieving our long-term objectives. Our focus on innovative, market-responsive developments and prudent financial management positions us strongly for the future. We are poised to capitalise on emerging opportunities in the property sector, ensuring Radium’s continued growth and success in the years ahead.”

Radium Development Berhad continues to strengthen its position as a leading player in Malaysia’s property development sector, particularly in the Klang Valley, with a commitment to creating value for shareholders and contributing to the nation’s economic growth.

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