Shareholders who had already accepted the original offer of 31 cents will be entitled to the revised offer as well.
The Widjaja family that is offering to privatise Sinarmas Land (SGX:A26
) via an entity called Lyon Investments has on May 10 revised their offer to 37.5 cents per share, up from the initial 31 cents.
The closing date of the offer acceptance date has also been extended to May 29 from an initial deadline of May 14.
