The Business Times

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. PHOTO: BT FILE
Companies & Markets

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

The offeror, Lyon Investments, will extend the closing date of the offer to June 2.
Companies & Markets

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

The market regulator SGX RegCo had posed queries to the company on the IFA’s decision to apply the holding company discount, noting that while it noted the adviser’s rationale, it was unclear how the figure of 20 to 22 per cent 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 offer price for Sinarmas Land has been hiked to S$0.375, with the acceptance date extended.
Companies & Markets

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

CMG20250410-RChiong01/张俊杰/经营照片：星期四本地股市开盘高涨近8% 一度为2008年10月来最大涨幅 [SGX Centre 1] The SGX Centre, seen on April 10, 2025.
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 the 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

Due to SGX’s requirement for companies to ensure that at least 10 per cent of their total shares outstanding to be held in public hands, Sinarmas' shares may be suspended by the exchange.
Companies & Markets

Sinarmas Land loses free float; trading to be suspended

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