A Sinarmas Land é um dos maiores desenvolvedores de prédios de escritórios em Jacarta.
“Many shareholders have expressed unhappiness on the recent voluntary unconditional cash offer made for Sinarmas Land which is widely seen to be ‘lowball’ and therefore exploitative,” David Gerald, president of the SIAS, said in a statement on May 5. Gerald said Sinarmas Land had a net asset value of S$0.85 apiece as of December 2024, which means that Lyon Investments’ original offer was at a 64% discount.