Voluntary Unconditional Cash Offer for Sinarmas Land Limited: What Shareholders Need to Know
SGX-ST’s Sinarmas Land Limited: Unpacking a Game-Changing Cash Offer
The Singapore Exchange Securities Trading Limited (SGX-ST) has been abuzz with news of a voluntary unconditional cash offer by PricewaterhouseCoopers Corporate Finance Pte Ltd on behalf of Lyon Investments Limited to acquire all issued and paid-up ordinary shares in Sinarmas Land Limited. This development is crucial for shareholders to grasp, as it may significantly impact the stock’s value.
The Offer Details
Offer Price: S$0.31 for each Offer Share
Offer Shares: All issued and paid-up ordinary shares in Sinarmas Land Limited, excluding those held by the Company in treasury and Shares held by the Offeror.
Closing Date: 5:30 p.m. (Singapore time) on 14 May 2025 (or such later date as may be announced).
Important Considerations
For Overseas Persons: If your mailing address is outside Singapore, the availability of this offer might be affected by your local laws. You are advised to review the Offer Document’s section on “Overseas Persons.”
How to Accept the Offer
Electronic Form: Submit via investors.sgx.com
Physical Form: Complete Section C and send to CDP.
Acceptance Conditions
All Offer Shares in your Securities Account, or
Specific Number of Offer Shares as indicated in the Form of Acceptance and Authorisation for Offer Shares.
Critical Dates and Times
Closing Date: 5:30 p.m. (Singapore time) on 14 May 2025.
Shareholder Instructions
If you hold share certificates for some or all of the Offer Shares, you should submit a Form of Acceptance and Transfer for Offer Shares directly to the Share Registrar.
Depository Agents: Acceptances can be made via the SGX-SFG service.
Additional Insights
Deceased Securities Account Holders: If the sole Securities Account holder is deceased, this Form of Acceptance and Authorisation must be signed by all surviving joint holders or by the personal representative(s) of the deceased.
Grant of Probate or Letters of Administration: Must be registered and lodged with CDP.
Disclaimer
The information provided here is for general awareness and does not constitute financial advice or a recommendation to buy or sell the shares. Shareholders should consult with a financial advisor or stockbroker for personalized advice.
Price-Sensitive Information
This voluntary unconditional cash offer might significantly affect the share price of Sinarmas Land Limited. Shareholders need to be aware of the following:
Irrevocable Acceptances: Once accepted, the offer cannot be revoked except as provided in the Offer Document and/or the Code.
Unsettled Buy Positions: If your purchase of Offer Shares settles such that they are transferred to your “Free Balance,” your acceptance will relate to the unsettled shares.
Impact on Shareholders
This offer and its acceptance terms could potentially influence the stock price of Sinarmas Land Limited. Shareholders must consider their options carefully and evaluate how this offer impacts their investment strategy.
Disclaimer: This article is provided for informational purposes only and does not constitute a recommendation to buy, sell, or hold any securities. Readers are advised to consult with a financial advisor before making any investment decisions.
View Sinarmas Land Historical chart here
