bearish
Sinarmas Land (SML SP): Potential Outcomes as IFA Says NOT Fair but Reasonable
531 Views28 Apr 2025 00:25
There are four possible outcomes with a medium probability that Sinarmas will follow the Great Eastern and Boustead Projects playbook. Head for the exit as shares are trading above terms.
What is covered in the Full Insight:
- Introduction to Sinarmas Land Offer
- IFAs Opinion on the Offer
- Delisting and Compulsory Acquisition Considerations
- Possible Outcomes for Sinarmas
- Relevant Precedents
Boomeranged on Sun, 11 May 2025 20:37
The Widjaja family has bumped its offer by 21.0% from S$0.31 to S$0.375, above the IFA valuation range. The closing date has been extended to 29 May. Including acceptances, the offeror represents 94.15% of out shares. The revised offer should help the family pass a delisting resolution or exercise comp acquisition rights, particularly as IFA should now opine that the offer is fair and reasonable.
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