The family said that the privatisation offer is an opportunity for shareholders to realise a clean exit at a premium, and to realise their investments amid low trading liquidity of shares.
The directors of Sinarmas Land (SGX:A26
) have appointed W Capital Markets as their independent financial advisor for the proposed privatisation of the company by billionaire Widjaja family.
The family, through an entity called Lyon Investments, offered to take the company private for 31 cents per share on March 27. They currently own about 70.3% of the total number of issued shares, or 2.991 billion shares in Sinarmas Land.
