Bina Puri indirect unit makes another attempt at listing

PETALING JAYA: Bina Puri Holdings Bhd’s indirectly-owned subsidiary, PT Megapower Makmur Tbk, is making another attempt to be listed on the Indonesia Stock Exchange (IDX) after an earlier agreement with the stock market operator fell through.

In a filing with Bursa Malaysia, the construction and property firm announced that PT Megapower had entered into a preliminary listing agreement with IDX on April 3. This is PT Megapower’s second attempt to be listed on the IDX, following the expiry of an earlier preliminary listing agreement on May 16, 2016.