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Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on horizon

Summary by The Straits Times
The offer of 31 cents a share allows shareholders to “realise a clean cash exit at a premium”, says the offeror.

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Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on horizon

The offer of 31 cents a share allows shareholders to “realise a clean cash exit at a premium”, says the offeror.

·Singapore
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edgeprop.sgedgeprop.sg

Billionaire Widjaja family offers to privatise Sinarmas Land for 31 cents per share; shares surge 23%

The billionaire Indonesian Widjaja family has made an offer to privatise its company Sinarmas Land A26 for 31 cents per share, according to a bourse filing earlier on March 27.  The offeror, Lyon Investments, includes executive chairman Franky Oesman Widjaja, CEO Muktar Widjaja and Margaretha Natalia Widjaja among its directors.  It holds about 70.3% of the total number of issued shares, or 2.991 billion shares in Sinarmas Land.  The family says…

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Business TimesBusiness Times

Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on the horizon

An entity controlled by Indonesia’s billionaire Widjaja family has made a voluntary unconditional cash offer for all the shares in Sinarmas Land that it does not already own at S$0.31 apiece.

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Business Times broke the news in on Thursday, March 27, 2025.
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