PT Rukun Raharja Tbk (RAJA) is once again targeting the listing of\none or several of its subsidiaries on the Indonesia Stock Exchange (IDX)\nby 2027.<\/p>\n
RAJA President Director Djauhar Maulidi stated that the company has\nlong-held plans to bring its subsidiaries to the stock exchange, though\nprevious targets had not been realised. \u201cWhat is certain is that it will\nhappen next year,\u201d Djauhar remarked during an online public expose on\nThursday (10\/09\/2026).<\/p>\n
He noted that RAJA cannot yet confirm the exact timing for the\ninitial public offerings (IPOs) as the company must monitor the\ndevelopments in the Indonesian capital market. The scheduling will also\ndepend on finding the most appropriate momentum for such corporate\nactions.<\/p>\n
Nevertheless, management has not yet confirmed whether Panji Raya\nAlamindo will be the entity listed in 2027. The company is still\nconducting assessments regarding the readiness of each subsidiary.<\/p>\n
RAJA Director Ogi Rulino added that the opportunity for IPOs remains\nopen for more than one subsidiary. This plan could follow the listing of\nPT Raharja Energi Cepu Tbk (RATU), which is scheduled to be listed on\nthe IDX in January 2025.<\/p>\n
\u201cIf possible, there could be one or two more subsidiaries conducting\nan IPO,\u201d said Ogi.<\/p>\n
Regarding the selection of potential subsidiaries, Ogi mentioned that\nRAJA will prioritise entities that demonstrate the highest level of\nreadiness. Consequently, the company cannot yet provide specific details\nregarding the names of the companies or the precise timing of the\nexecution.<\/p>\n
\u201cWe will proceed with the IPO for whichever is most prepared,\u201d Ogi\nstated.<\/p>\n
RAJA hopes that these plans can be realised next year, taking into\naccount both the readiness of the subsidiaries and the prevailing\nconditions of the capital market.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rukun-raharja-raja-targets-subsidiary-ipos-for-next-year-1789098657", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }