SUBSCRIBERS

Dyna-Mac chief AC Lim stays cool amid takeover offer tussle, remains focused on steady growth

Although he maintains that he is risk-averse, the CEO is already gunning for inorganic expansion should the Hanwha deal fall through

Published Tue, Oct 22, 2024 · 05:00 AM

Dyna-Mac CEO AC Lim says: “We are very diligent and super-prudent in spending. But that creates another issue: you make yourself too attractive.” PHOTO: DYNA-MAC

DYNA-MAC chief executive officer Lim Ah Cheng – better known in the industry as AC Lim – deserves every accolade.

After taking the helm in 2020, he managed to bring the beleaguered offshore oil and gas contractor back from the brink of bankruptcy.

So much so that Dyna-Mac is now the subject of a voluntary conditional cash offer from South Korea’s Hanwha.