Sinarmas Land Shares Soar As Billionaire Widjaja Family Offers To Take Developer Private
Sinarmas Land is one of the biggest developers of prime office buildings in Jakarta. © 2021 Bloomberg Finance LP Shares of Sinarmas Land jumped to a seven-year high after the Widjaja family offered to take the Singapore-listed developer private in a deal valuing the company at S$1.3 billion ($985 million). Lyon Investments—controlled by the Widjaja