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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.
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