JAKARTA (Yosefardi) – Shares of PT Arita Prima Indonesia (APII), a company controlled 85% by Unimech Group Berhad, gained 18% to Rp390 per share on its trading debut this morning.
The company had issued 275 million or about 25.58% of the enlarged issued and paid-up capital, through the initial public offering (IPO).
Arita Prima is engaged in the supply of valve, fitting, gasket, bolt, and nuts plus instrumentation control such as switch, pressure switch, transmitter, pneumatic, gauge, and meter.
The enlarged issued and paid-up share capital of APII is Rp107.5 billion (equivalent to approximately RM30.42 million based on an exchange rate of Rp100:RM0.0283).