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Sinarmas Land Limited ( (SG:A26) ) has provided an announcement.
Sinarmas Land Limited has received an acquisition offer from Lyon Investments Limited, which has been accepted by over 90% of its shareholders. The offer involves the purchase of ordinary shares at S$0.375 each. This acquisition move, under the Companies Act 1967, allows Lyon Investments to acquire shares from dissenting shareholders unless a court order states otherwise, potentially consolidating Lyon’s position in the market.
More about Sinarmas Land Limited
Average Trading Volume: 2,904,185
Technical Sentiment Signal: Buy
Current Market Cap: S$1.49B
For an in-depth examination of A26 stock, go to TipRanks’ Stock Analysis page.