Jakarta –
The Indonesia Stock Exchange (IDX) temporarily suspended or suspended trading of PT . shares Pillars of Raharja Tbk in today’s trading, Friday, July 22, 2022. This issuer with the stock code RAJA experienced a significant price increase of 144.22% in a month.
Quoted from its official website, Friday (22/7/2022), RAJA is an integrated energy provider company from upstream to downstream which was established on December 24, 1993. One of the shareholders of RAJA is known to be Puan Maharani’s husband, Happy Hapsoro.
According to RTI, Hapsoro is the controlling shareholder of RAJA with a total ownership of 32.74%. Underneath it is SENTOSA BERSAMA MITRA which is also the controller with 32.130% ownership. Johan Lens also holds 10% of RAJA’s shares, and 25% of the public.
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RAJA first listed on the Indonesia Stock Exchange on April 19, 2006, at a price of Rp 120 per share. RAJA released 679.51 million shares, so the total funds raised were Rp 81.54 billion.
Currently, RAJA is held by Rudiantara as President Commissioner, Mohammad Arsjad Rasjid and Rachmad Gobel as Commissioners, and Djauhar Maulidi as President Director.
In his journey, RAJA initially started a business in the property sector. Then RAJA was officially registered as a Public Company on January 22, 2003.
RAJA’s business in the integrated energy sector started in 2010. RAJA operates four main business pillars, namely gas infrastructure, gas trading, power generation, and upstream energy business.
RAJA runs the Cepu block development project which contributes to 30% of the national oil production reserves. The company is also pushing for a new and renewable energy (EBT) program with a national mix target in 2005.
For information, IDX has temporarily suspended trading of RAJA’s shares in the Regular Market and Cash Market. The reason for the IDX is to give market participants time to make the right investment decisions.
“Termination in the context of cooling down, the PT Bursa Efek Indonesia deems it necessary to temporarily suspend the trading of shares of PT Pillars of Raharja Tbk. (KING), in trading on July 22, 2022,” read the announcement on the IDX’s official website, Friday (22/7/2022).
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