Lyon Investments increases offer price for Sinarmas Land

Closing date was also extended.

Lyon Investments has increased the offer price for Sinarmas Land to $0.375 from $0.31 apiece.

According to a bourse filing, the change in offer price represents a 21% increase from the previous cost per offer share.

The offer's closing date was also extended to 5:30 p.m. on 29 May.

Lyon Investments holds around 70.30% of Sinarmas Land’s total number of shares. As of 9 May, the offeror has received valid acceptances amounting to 1,015,035,196 shares, representing approximately 23.85% of the total number of shares in the company.

Follow the link for more news on

Sinarmas Land

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia