BMS floats shares on JSX

Thu, 30 Dec 1999, 00:00 WIB | Source: JP

JAKARTA (JP): Property developer PT Bintang Mitra Semestaraya
(BMS) floated its shares on the Jakarta Stock Exchange (JSX) on
Wednesday.

President Lukman Purnomosidi said he was optimistic about
housing development next year.

"I predict the demand for new houses will reach between
150,000 and 160,000 units next year," he said.

The share price (coded BMSR) gained Rp 600, or more than 100
percent, to close the day at Rp 1100.

BMSR sold 130 million new shares, about 38 percent of its
enlarged stocks, at Rp 500 a piece during the initial public
offering (IPO) between Dec. 14 and Dec. 16. (udi)

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