Shareholders who had already accepted the original offer of 31 cents will be entitled to the revised offer as well.
As of May 9, the offeror has already received acceptances giving it control over 94.15% of the shares.
Sinarmas Land shares closed at 32 cents on May 9.
See also:
See also: Goh brothers extend closing date of offer to take Ossia International private
- W Capital Markets maintains valuation methodologies as sound in forming view as IFA for Sinarmas Land privatisation
- SIAS disagrees with IFA and IDs' views over 'exploitative' privatisation offer for Sinarmas Land
- Privatisation offer for Sinarmas Land 'not fair' but 'reasonable', says IFA W Capital Markets
- Sinarmas Land appoints W Capital Markets as its independent financial advisor'
- Sinarmas Land shares surge as high as 23% after privatisation offer
- Billionaire Widjaja family offers to take Sinarmas Land private for 31 cents per share
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