dyna-mac

As controlling shareholder, Lim will have the right to be appointed to the board

This comes after it fired its then executive chairman and chief executive Lim Ah Cheng following a business review in mid-December

Investors must scrutinise offers closely as M&A activity ticks up

Board of directors says it took the decision as it wants to identify areas where the strategic direction and operations of the oil-and-gas contractor can be improved

Hanwha intends to take the company private

This comes after the Competition and Consumer Commission of Singapore gives go ahead

Regulator says transaction will not substantially lessen competition within Singapore

About 84.8 million shares or 6.81% of total issued shares in Dyna-Mac have been accepted as at 6 pm on Nov 4

Dyna-Mac’s IFA said the offer from Hanwha was fair and reasonable. Senior correspondent Ben Paul questions some aspects of its analysis.