Radium buys Selangor land for RM45mil

PETALING JAYA: Radium Development Bhd has acquired a piece of leasehold land measuring 2.56 acres in Ulu Langat, Selangor, from the Ampang Jaya Municipal Council for RM45mil.

In a filing with Bursa Malaysia, Radium said the acquisition represents an opportunity for the company and its subsidiaries to accumulate strategic land for property development purposes.

Strategically located at Jalan Pandan Indah, within Bandar Ampang, the land lies 10km southeast of Kuala Lumpur city centre and benefits from readily available infrastructure, the company said.