Having A Market Capitalization Of IDR 203.12 Billion, Bangun Karya Perkasa's KRYA Shares Started Initial Trading On The Stock Exchange

JAKARTA - PT Bangun Karya Perkasa Jaya Tbk will soon become the 28th listed company (issuer) listed on the Indonesia Stock Exchange this year. This construction company will use the stock code KRYA.

Citing information from the Indonesia Stock Exchange (IDX), the listing of KRYA shares will take place today (Monday, July 25). "Trading hours will be opened by Bangun Karya Perkasa in the context of listing KRYA shares and warrants," the IDX wrote.

IDX said, Bangun Perkasa Jaya is engaged in the infrastructures sector with heavy constructions & civil engineering sub-sectors. The company's industries and sub-industries are heavy construction and civil engineering.

The initial price of KRYA's shares is Rp. 125 with a total of 1.62 billion listed shares, so its market capitalization is Rp. 203.12 billion.

In addition, KRYA Warrants will be listed with the code KRYA-W. The exercise price of KRYA-W is Rp. 156.

Just a reminder, this construction company will reap fresh funds of Rp40.62 billion. This acquisition comes from the number of shares issued as many as 325 million or 20 percent of the issued and fully paid capital of the company.

In addition, the company also set an exercise price of 162.5 million warrants at Rp156. From here, the results of the exercise of the warrants reached Rp25.35 billion.