Bina Puri to raise up to RM18.12mil via Megapower IPO

KUALA LUMPUR: Bina Puri Holdings Bhd is expected to raise up to RM18.12mil from the proposed listing of its 80%-owned indirect subsidiary, PT Megapower Makmur Tbk, on the Indonesia Stock Exchange.

Megapower has proposed to undertake an initial public offering (IPO) involving a public issue of 300 million new shares representing 30.93% of its issued and paid-up capital.