Lyon Investments increased its voluntary unconditional cash offer for all outstanding shares in Sinarmas Land (SGX:A26) to SG$0.375 per share, according to a Sunday filing with the Singapore Exchange.
The revised offer represents an increase of 21% over the initial offer price of SG$0.31 per share.
The closing date of the offer was extended to May 29 or such later date as may be announced by the offeror.
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