Summary: An entity controlled by Indonesia’s Widjaja family has made a voluntary cash offer to delist Sinarmas Land from the Singapore Exchange (SGX). The offer values the company at $1.32 billion and represents a premium over its last traded price. This move is part of a larger trend of privatizations on the SGX, with more multibillion-dollar companies expected to exit the market in 2025.

Link: https://www.straitstimes.com/business/companies-markets/indonesias-widjaja-family-moves-to-delist-sinarmas-land-from-sgx-more-large-cap-exits-on-the-horizon