Shares of Rukun Raharja (RAJA), an oil and gas company controlled by Hapsoro (Happy) Sukmonohadi, husband of the House Speaker Puan Maharani (daughter of PDIP matriarch Megawati Soekarnoputri), ended lower by 2.46% to Rp2,770 last Friday (Dec 13). RAJA’s subsidiary PT Raharja Energi Cepu Tbk (RATU), meanwhile, kicks off an initial public offering (IPO), seeking up to Rp624.5 billion proceeds. To subscribe please click here