Friday, March 13, 2020

PT Rukun Raharja Tbk (RAJA) will focus on business in the oil and gas sector this year. Therefore, the company has provided capital expenditure (capex) of US$ 28.24 million.

Director of RAJA Oka Lesmana said that the source of funds for RAJA's capex this year came from a combination of company equity and loans from banks.

RAJA will prioritize spending to finance projects that have been planned to run this year, both mergers and acquisitions projects or new projects in the oil and gas sector.