Lyon Investments ups offer price for Sinarmas Land and extends closing date
Lyon Investments has raised the offer price for Sinarmas Land shares to S$0.375 a share from S$0.31 a share, in an announcement on Saturday (May 10).The closing date has been extended to 5.30 pm on May 29.The revised offer price represents an increase of 21 per cent or S$0.065 over the initial offer price, and is higher than the highest closing price of Sinarmas Land shares for more than six years. The offeror, Lyon Investments, held about 70.3 per cent of the total number of issued shares in Sinarmas Land...

