Reference is made to Radium’s announcement dated 13 June 2023 regarding the Civil Suit No: WA-22NCvC-280-06/2023 filed by 241 individual purchasers of Residensi Platinum OUG in Block B (the “Plaintiffs”) against Vistarena Development Sdn. Bhd. (an 80%-owned subsidiary of Radium) (the “Defendant”) at the High Court of Malaya, Kuala Lumpur (“the Suit”).

The Board of Directors wishes to inform that the first case management of the Suit was conducted on 3 July 2023 by way of e-review. The Kuala Lumpur High Court allowed the extension of time for Radium to file its Statement of Defence on or before 3 August 2023. 

The Company will make the necessary announcements as and when there is material development.

This announcement is dated 3 July 2023.

Announcement Info