The Business Times
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sinarmas land

Opinion & Features
HOCK LOCK SIEW

IFAs should hew to thinking of the market

Under the free float requirement, the local bourse requires that companies have a minimum of 10% of their total shares outstanding held in public hands.
Companies & Markets

Widjaja family’s Sinarmas Land offer closes with 98.65% resultant shareholding

Sinarmas Land will be delisted from the Singapore Exchange after the acquisition is completed.
Companies & Markets

Indonesia’s Widjaja family’s Sinarmas Land offer wins 90% acceptance, triggering compulsory acquisition

The offeror, Lyon Investments, will apply to SGX for a waiver to comply with the voluntary delisting requirements in view of the independent financial adviser's revised opinion and the valid acceptances of the offer it had received from shareholders.
Companies & Markets

Offeror says Sinarmas Land offer price is final, extends offer period to Jun 2

SGX RegCo had posed queries to Sinarmas Land on the IFA’s decision to apply the holding company discount. The market regulator said it had noted the adviser’s rationale, but it was still unclear how the figure of 20 to 22% had been derived.
Companies & Markets

IFA’s holding company discounts in offer based on study of 11 SGX-listed mid to large-cap conglomerates: Sinarmas Land

The offeror, Lyon Investments, held about 70.3% of the total number of issued shares in Sinarmas Land at the launch of the initial offer.
Companies & Markets

Lyon Investments ups offer price for Sinarmas Land and extends closing date

The independent financial adviser had earlier said that the offer was “not fair but reasonable”, estimating a fair value range of S$0.35 to S$0.361 per share.
Companies & Markets

IFA stands its ground on valuations in Sinarmas Land offer; says methods used ‘appropriate’ and in line with practice

David Gerald of Sias notes that the offer price represents a steep 63.6% discount to Sinarmas Land’s NAV per share of S$0.851 as at end-2024.
Companies & Markets

Sias strongly disagrees with IFA opinion on ‘exploitative’ Sinarmas Land offer, urges offeror to revise bid

Raising the offer price by just 12.9 per cent would almost certainly result in the two key conditions for clean delisting from SGX being satisfied.
Opinion & Features
MARK TO MARKET

Sinarmas Land offer price may be hiked

SGX requires companies to ensure that at least 10% of their total shares outstanding are held in public hands.
Companies & Markets

Sinarmas Land loses free float; trading to be suspended

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