Indonesia Billionaire Widjaja Family (Lyon Investments) Offers to Buyout Singapore-Listed Sinarmas Land for $0.31 Per Share at $1 Billion Market Value Representing +12.7% Premium to Last Closing Price of $0.275 (24/3/25), Widjaja Family Currently Owns 70.3% of Sinarmas Land, Sinarmas Land Started in 1988 & IPO on Singapore Exchange (SGX) in 1997, Lyon Investments Directors Include Chairman Franky Oesman Widjaja, CEO Muktar Widjaja & Margaretha Natalia Widjaja, Widjaja Family is Majority Shareholder of Singapore-Listed Palm Oil Company Golden Agri-Resources with $2.5 Billion Market Value, Widjaja Family Has Family Fortune of $19 Billion
29th March 2025 | Hong Kong
Indonesia billionaire Widjaja family (Lyon Investments) has made an offer to buyout Singapore-listed Sinarmas Land for $0.31 per share at around $1 billion market value, representing a +12.7% premium to last closing price of $0.275 (24/3/25). Widjaja family currently owns 70.3% of Sinarmas Land. Sinarmas Land started in 1988, and IPO on Singapore Exchange (SGX) in 1997. Lyon Investments Directors include Chairman Franky Oesman Widjaja, CEO Muktar Widjaja & Margaretha Natalia Widjaja. Widjaja family is also the majority shareholder of Singapore-listed palm oil company Golden Agri-Resources ($2.5 billion market value). The Widjaja family has around family fortune of $19 billion. Sinarmas Land – Sinar Mas Land is the largest and most diversified property developer in Indonesia. The company is known for its rich experience of more than 50 years in the field of property development. Sinar Mas Land Limited (formerly known as AFP Properties Limited), listed on the Singapore Exchange and headquartered in Singapore, is engaged in the property business through its operations in Indonesia, China, Malaysia, and Singapore. History – The property market in Indonesia started gaining momentum in late 1980s with surge of projects and customers lining up to have affordable houses with upscale facilities. Duta Pertiwi has only started building residences in 1988, but soon after, the young company boosted the industry with projects like apartments, shopping centers, office buildings, even township and industrial estates with level of creativity and innovation that was unheard before. In 1989, the ITC Mangga Dua project began its development. Hailed as one of the first onestop-shopping solution for the Jakartans, it has since grew into a 5 storey shopping center with more than 3500 shops to choose from to satisfy your chic fashion needs, electronics, hardware and even wet your culinary taste buds. Originally passed as a satellite city in 1984, Sinar Mas Land started development of a new township in 1989. Dubbed as BSD City, it has grown to half the size of Paris and listed as a property company with the highest market valuation in the Indonesian Stocks Exchange.
“ Indonesia Billionaire Widjaja Family (Lyon Investments) Offers to Buyout Singapore-Listed Sinarmas Land for $0.31 Per Share at $1 Billion Market Value Representing +12.7% Premium to Last Closing Price of $0.275 (24/3/25), Widjaja Family Currently Owns 70.3% of Sinarmas Land, Sinarmas Land Started in 1988 & IPO on Singapore Exchange (SGX) in 1997, Lyon Investments Directors Include Chairman Franky Oesman Widjaja, CEO Muktar Widjaja & Margaretha Natalia Widjaja, Widjaja Family is Majority Shareholder of Singapore-Listed Palm Oil Company Golden Agri-Resources with $2.5 Billion Market Value, Widjaja Family Has Family Fortune of $19 Billion “
Indonesia Billionaire Widjaja Family (Lyon Investments) Offers to Buyout Singapore-Listed Sinarmas Land for $0.31 Per Share at $1 Billion Market Value Representing +12.7% Premium to Last Closing Price of $0.275 (24/3/25), Widjaja Family Currently Owns 70.3% of Sinarmas Land, Sinarmas Land Started in 1988 & IPO on Singapore Exchange (SGX) in 1997, Lyon Investments Directors Include Chairman Franky Oesman Widjaja, CEO Muktar Widjaja & Margaretha Natalia Widjaja, Widjaja Family is Majority Shareholder of Singapore-Listed Palm Oil Company Golden Agri-Resources with $2.5 Billion Market Value, Widjaja Family Has Family Fortune of $19 Billion
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