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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.