Summary: The Widjaja family, through Lyon Investments, has increased its offer to take Sinarmas Land private by 21% to 37.5 cents per share. The revised offer, valued at $1.6 billion, aims to address criticism from minority shareholders who deemed the original offer too low. The closing date for the offer has been extended to May 29th.

Link: https://www.straitstimes.com/business/indonesias-widjaja-family-raises-offer-for-sgx-listed-sinarmas-land-by-21