Bina Puri rises 3.66% ahead of listing of Indonesian subsidiary

KUALA LUMPUR (July 4): Bina Puri Holdings Bhd rose 3.66% this morning after it had received the green light from the Indonesia Stock Exchange (IDX) for the listing of its subsidiary PT Megapower Makmur Tbk, expected to take place on Wednesday.

At 9.21am, Bina Puri rose 1.5 sen to 42.5 sen with 662,300 shares traded.

It said the issue price for the PT Megapower shares has been fixed at 200 rupiah (6 sen).

The proposed listing involves an offering of up to 245.1 million new shares for subscription or purchase at the offer price. — theedgemarkets.com

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