Lyon Investments (SGX:A26) will not be revising its recently revised offer price for the acquisition of shares in Sinarmas Land (SGX:A26), according to a filing with the Singapore Exchange on Friday.
Earlier, the offer had revised its voluntary unconditional cash offer for all outstanding shares in the company to SG$0.375 per share, a 21% increase from the initial offer price of SG$0.31 per share.
Meanwhile, the closing date of the offer was also extended to June 2.
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