Lyon Investments Confirms Final S$0.375 Offer for Sinarmas Land, Extends Deadline to June 2

TigerNews SG

2025/05/19

Lyon Investments stated on Sunday that its offer of S$0.375 per share for property developer Sinarmas Land is final and will not be revised. The offer’s closing date has been extended from May 29 to June 2 at 5:30 PM.

This decision follows Lyon’s May 10 price increase, which raised the bid by 21% (S$0.065) from the initial offer. The revised price now exceeds Sinarmas Land’s highest closing price in over six years.

On Friday, Sinarmas Land shares closed down 1.3% (S0.005)atS0.375, matching the final offer price.

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The offer’s closing date has been extended from May 29 to June 2 at 5:30 PM.</p><p style=\"text-align: start;\">This decision follows Lyon’s May 10 price increase, which raised the bid by 21% (S$0.065) from the initial offer. 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