Lyon Investments raises offer for Sinarmas Land to $0.375 per share
The revised offer price is final and will not be changed.
PricewaterhouseCoopers Corporate Finance, on behalf of Lyon Investments Limited, has announced that the offer price for Sinarmas Land shares has been raised from $0.31 to $0.375 per share.
The revised offer price is final and will not be changed.
Additionally, the Offeror has extended the closing date of the offer from 29 May 2025 to 2 June 2025 at 5.30 p.m.
On 23 April 2025, Lyon Investments disclosed a loss of public float, triggering certain rights under Section 215(3) of the Companies Act for shareholders who have not accepted the offer.
A supplemental letter issued by Sinarmas Land on 16 May 2025, included the opinion of an independent financial adviser, concluding that the financial terms of the revised offer are fair and reasonable.
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