Asset Acquisitions and Disposals::MANDATORY TENDER OFFER TO PURCHASE UP TO 8.01% OF THE ISSUED SHARES IN PT SURYAMAS DUTAMAKMUR TBK

Issuer & Securities

Issuer/ Manager
SINARMAS LAND LIMITED
Securities
SINARMAS LAND LIMITED - SG1E97853881 - A26
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
17-Dec-2024 12:25:44
Status
New
Announcement Sub Title
MANDATORY TENDER OFFER TO PURCHASE UP TO 8.01% OF THE ISSUED SHARES IN PT SURYAMAS DUTAMAKMUR TBK
Announcement Reference
SG241217OTHRBU9D
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The board of directors ("Board") of Sinarmas Land Limited (the "Company" and together with its subsidiaries, the "Group") refers to (a) the Company's announcement dated 1 August 2024 (b) the circular to shareholders of the Company dated 2 October 2024 and (c) the Company's announcement dated 24 October 2024 in relation to the proposed acquisition of up to 100% of the issued shares of PT Suryamas Dutamakmur Tbk ("SMDM") by PT Bumi Serpong Damai Tbk ("Purchaser"), a subsidiary of the Company listed on the Indonesia Stock Exchange, as a major transaction which comprises (i) acquisition of 91.99% of the issued shares of SMDM from Top Global Limited for S$195,190,017 as an interested person transaction; and (ii) acquisition of up to 8.01% of the issued shares of SMDM from public shareholders of SMDM for up to IDR equivalent of S$16,984,914 pursuant to mandatory tender offer ("MTO").

The Board wishes to announce that the Purchaser is conducting the MTO from 17 December 2024 to 15 January 2025 for all remaining shares held by the offered shareholders in a total of up to 382,016,642 shares, or up to 8.01% of the total paid-up and issued capital in SMDM.

Please find attached the Information Disclosure in Bahasa Indonesia and the unofficial English translation released by the Purchaser, relating to the MTO.


By Order of the Board


Robin Ng Cheng Jiet
Director
17 December 2024

Attachments

1. Information Disclosure - English .pdf
2. Information Disclosure - Bahasa Indonesia.pdf
3. MTO Form.pdf
Total size =939K