Jaya Real Property Injects IDR33.74Bn Capital to Jakarta Tollroad

Jaya Real Property, Tbk (JRPT:IJ) increases capital amounting to IDR33.74Bn to Jakarta Tollroad Development, a subsidiary of Jaya Real Property who’s currently developing six toll roads in Jakarta. The company absorbs 5,143 series C shares of Jakarta Tollroad at IDR6,562,254/share. Furthermore, these six toll roads need IDR40Trn investments, whereas 40% will be funded from the company’s capital and 70% will be funded from loans. The company targets these toll roads construction to be completed by 2023.

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