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2024-05-15

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RADIUM (2547TW)

RADIUM (2547 TW) announces the important business report of 2024 Q1

Listed company Radium (2547 TW) holds an online investor conference and releases an important business report for the first quarter of 2024.

In line with the vision of “a green enterprise determined to uphold sustainability,” Radium fully subscribes the capital raise of Rih-Ding Water with NT$ 592 million, supporting the 100% holding subsidiary to launch the third phase of Taoyuan Sewerage System BOT project expected to complete by end of 2026. The total investment amount in the first three phases will be over NT$13.4 billion, with sewage treatment capacity reaching 150,000 tons per day. Radium participates also in the capital increase plan of Bao-Ding Reclaimed Water, the 70% holding subsidiary, forecasting to supply daily 40,000 tons of reclaimed water to the Taoyuan Industrial areas in the third quarter of 2025.

Radium gets much attentions in its real estate business for the elderly, with sale & rental complex brands of the GENESIS (for sale) and Le Tau Chu Senior Happiness Home (for rental) in Sanzhi.  The elderly project in Sanzhi has a land base of around 19,385 square meters and a total floor area of around 63,815 square meters, with 652 residences for sale and 164 apartments for rental, ranging from 50 to 109 square meters per unit. Currently most of the GENESIS-Sanzhi are sold out, except for a few reserved rooms in phase 2 that have just been released, with phase 1 expecting to complete in the fourth quarter of 2024.

Based on the statistics of Ministry of the Interior, Taiwan's population aged 55 to 65 was over 3.859 million at the end of 2023. Coupled with a market survey on Taiwan's acceptance of retirement houses, about 66.7% of people regard self-owned homes as the most ideal residence for retirement. In view of the increasing demand for senior housing, Radium is planning a series of "Happy Life in Forest" health care houses in its Perfect Life project at Banqiao. It combines the elderly residence and health care services of the GENESIS, with green areas of 191,735 square meters in the community and the Far Eastern Memorial Hospital nearby, it’s designed to realize the ideal of “getting old well in your own house.”

Radium’s subsidiary Titan Development has also invested into cultural construction. Applying decades of experience, Titan Development won the bid of NT$490 million to build for the National Palace Museum a 3-story administrative building and a 2-story library on the land base of 32,066 square meters. The constructions are scheduled to complete by the end of 2024.

As for Subsidiary Wan Da Tong, which manages the Taipei Bus Station system, has delivered a stable profit result of NT$61 million in the first quarter of 2024.  Along with that, Wan Da Tong has sold out over 1.27 million electronic tickets since its TBS APP been launched, equivalent to a decrease of carbon emission by 2,546 kg.  With AI management system and energy-saving equipment, the company conducts real-time vehicle identification and platform control, improving passenger safety while reducing averaged daily electricity consumption by 3.6%.

日勝生在板橋浮洲推出「發現之旅2-樂林森活」樂齡宅

Radium announces to launch “Happy Life in Forest" health care housing in Banqiao

萬達通-台北轉運站，周邊車水馬龍，五鐵共構

Wan Da Tong-Taipei Bus Station, surrounded by busy traffic and five public transit system

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