Radiant Global makes strong Bursa debut, aims to grow clientele

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KUALA LUMPUR (July 24): Radiant Globaltech Bhd aims to expand its customer base by leveraging its existing retail technology solutions.

Radiant offers retail hardware and software solutions besides maintenance and technical support services. Managing director Paul Yap Ban Foo said the group is looking at retailers in the shopping centre, airport and utility segments to expand the customer base for Radiant's retail technology solutions.

“We are optimistic in securing more customers going forward,” Yap said at a press conference after Radiant's listing here today on Bursa Malaysia's ACE Market. 

Radiant's currrent clientele includes Giant, Cold Storage, AEON and Parkson, Yap said.

According to Radiant's prospectus, the company's IPO comprises a public issue of 128.08 million new shares and an offer for sale of 12 million existing shares at 23 sen each.

At Bursa Malaysia today, Radiant shares rose 30.5 sen to 53.5 sen at 10:34 am with some 144 million shares changing hands. Radiant was Bursa Malaysia's most-active stock.

Radiant shares had earlier risen as much as 42 sen or 183% to 65 sen after opening at 50 sen.