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 current offer price of 31 cents per share represents a 12.7% premium over the last traded price of 27.5 cents per share on March 24. This is also a premium of 17.1%, 5.6%, 0.5%, 14.6%, 16.8% and 18.5% over the volume weighted average price (VWAP) of the shares over the one, three, six, 12, 24 and 36-month periods respectively.
W Capital Markets is a corporate finance firm that in Jan just announced its new round of funds that brought its valuation to $42 million.
Shares in Sinarmas Land closed 0.5 cents higher or 1.538% up at 33 cents on Apr 3.
