Bina Puri unit makes powerful debut on IDX

Officials from Bina Puri Holdings Bhd and PT Megapower Makmur Tbk, during the latter's listing on the Indonesia Stock Exchange on July 5.

PETALING JAYA: Bina Puri Holdings Bhd’s 80%-owned Indonesian power subsidiary, PT Megapower Makmur Tbk, made a strong debut on the Indonesia Stock Exchange (IDX), opening 70% above its offer price and becoming the top gainer on the exchange.

After trading started yesterday, its shares surged to 340 rupiah (11 sen), compared with its offer price of 200 rupiah (six sen).