BINA PURI MEDIA CLIPPINGS

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Eric Bryan
5 years ago
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1 Newspaper : Utusan Malaysia Title : Unit Bina Puri catat kejayaan ( X) Section : Utusanbiz Page : 16

2 Newspaper : New Straits Times Title : Bina Puri unit makes strong debut on Indonesian bourse ( X) Section : Business Times Page : B6

$\indonesian bourse- the1st non-glc listed (207184-X) Section :$

3 Newspaper : China Press Title : Bina Puri's unit listed on \indonesian bourse- the1st non-glc listed ( X) Section : Business Page : F8

Newspaper : dealstreetasia.com Date : 6th July 2017 Bina Puri Holdings Bhd Title : Bina Puri s Megapower unit debuts on Indonesia bourse (207184-X) Section : Online Page : https://www.dealstreetasia.com/stories/malaysias-bina-puris-megapower-unit-makes-listing-debut-indonesia-bourse- 76907/ Bina Puri s Megapower unit debuts on Indonesia bourse Photo by Megapower Makmur.

4 Newspaper : dealstreetasia.com Date : 6th July 2017 Bina Puri Holdings Bhd Title : Bina Puri s Megapower unit debuts on Indonesia bourse ( X) Section : Online Page : / Bina Puri s Megapower unit debuts on Indonesia bourse Photo by Megapower Makmur. By Antonia Timmerman July 6, 2017 Malaysia s Bina Puri Holdings Indonesian subsidiary, Megapower Makmur, on Wednesday officially listed on the Indonesian Stock Exchange (IDX), raising Rp 49 billion ($3.68 million) in its maiden offering. The shares opened at Rp 340 or 70 per cent above its offer price of Rp 200. At market close, the stock remained at Rp 340, valuing the company at Rp 277 trillion. Megapower s business involves power distribution, power installation and maintenance services. Megapower is 80 per cent-owned by Malaysia-listed Bina Puri, whose activities include investment holdings, civil and building engineering management, property development, highway concession, quarry operations, manufacturing of construction materials, utilities and hospitality management. Apart from Indonesia, the group has presence in Thailand, Brunei, Pakistan, India, China, UAE, Saudi Arabia, Russia, and Nepal. Through Megapower, Bina Puri is looking at two new hydropower plant projects in Sulawesi. Studies and research are ongoing, and they will now move on to the design and planning stage, Megapower CEO Kang Jimmi told reporters in Jakarta. Once done, we will submit the plan to PLN for approval before passing the necessary documents to the energy ministry and going back to PLN to sign the contract, he said, as quoted by TheEdgeMarkets. Megapower had previously planned for a listing August last year. But, the proposal was shelved as the company needed to reconcile certain accounting transactions, due to differing policies between Malaysia and Indonesia. Today, Megapower owns and operates a hydropower facility in Sulawesi for Perusahaan Listrik Negara (PLN), the state electricity distributor. It also has eight diesel power plants spread across the country with a combined capacity of 54 MW.

5 Newspaper : Borneo Post Title : Bina Puri unit makes sterling debut on IDX ( X) Section : Online Page : Bina Puri unit makes sterling debut on IDX KUALA LUMPUR: Bina Puri Holdings Bhd s unit, PT Megapower Makmur (MPOW), made a sterling debut on the Indonesia Stock Exchange (IDX) yesterday with an opening price of Rp 340 (RM0.11), up 70 per cent from the offering price of Rp 200 per share. In a statement yesterday, Bina Puri said the unit, an independent electricity producer, listed 245 million shares (30 per cent) under the code MPOW. It is the first non-government-linked company (non-glc) to successfully list on the Indonesia Stock Exchange (IDX), Bursa Efek Indonesia. MPOW Director and Group Executive Director of Bina Puri, Datuk Matthew Tee, said the company was proud to be the first non-glc from Malaysia to successfully list on IDX and the second independent electricity power producer listed here. The company earned 49 billion rupiah, half of which would be used to pay off the company s debt to shareholders and the other half for further development of the company, he said. This year, we are preparing one or two licences and a study on a mini-hydro plant in South Sulawesi with an approximate capacity of 10 megawatts. Hopefully within three to six months, we can get the real estimate. Currently, MPOW is operating eight diesel power plants with capacity of 54 megawatts at eight locations throughout Indonesia and a mini-hydro plant at Sulawesi Selatan, he said. Tee said with the additional capacity of 4.2 megawatt mini-hydro plant that was in operation since last year to the company s eight diesel power plants, the total output could reach approximately 59 megawatts. PT Megapower Makmur was established in It operates hydroelectricity and diesel plants in Indonesia. The company started commercial operation in 2010, when it obtained a contract from Indonesia state-owned electricity company, Perusahaan Listrik Negara, in Pulau Bangka Belitung, Indonesia. After the listing, Bina Puri, through Bina Puri Power Sdn Bhd, owns 56 per cent of MPOW. Bernama

BINA PURI MEDIA CLIPPINGS

BINA PURI MEDIA CLIPPINGS Newspaper : New Straits Times Date : 22nd June 2017 Bina Puri Holdings Bhd Title : Bina Puri considering rights issue to reduce gearing (207184-X) Section : Business Times Page : B2 Newspaper : The Sun