dyna-mac

Shareholders of companies that delist have to be provided with exit offers that are “fair and reasonable” – which often results in the work of IFAs being closely scrutinised by investors.

HOCK LOCK SIEW

IFAs should hew to thinking of the market

Excessively discounting plainly visible value within a target company, and making spurious comparisons, may erode confidence in their independence and objectivity

Lim is investing in Fuji Offset Plates Manufacturing in his personal capacity, and not as a trustee or nominee for any other party.

Companies & Markets

Fuji Offset Plates Manufacturing shares jump 67% after former Dyna-Mac CEO AC Lim buys S$4.5 million stake

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

This follows the completion of the compulsory acquisition of all shares not acquired under Hanwha Ocean SG's offer.

Companies & Markets

Dyna-Mac delists from SGX on Jan 9

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

It could be argued that a large part of Dyna-Mac’s success – from contract wins to workers’ productivity and morale – hinged on the personal pull of its former CEO Lim Ah Cheng.

Opinion & Features

HOCK LOCK SIEW

Dyna-Mac shareholders may have dodged a bullet as company delists

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

Lim Ah Cheng's termination comes after four years at the helm of Dyna-Mac.

Companies & Markets

Dyna-Mac fires CEO following review of business after close of Hanwha’s exit offer

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

As more than 90 per cent of Dyna-Mac’s shares have been or will be acquired, it no longer satisfies the Singapore Exchange’s free-float requirement

Companies & Markets

Dyna-Mac to delist after close of exit offer

Hanwha intends to take the company private

Hanwha's offer had previously turned unconditional on Nov 5 as to acceptances.

Companies & Markets

Hanwha’s voluntary conditional cash offer for Dyna-Mac turns unconditional in all respects

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

CCCS focused on whether competition would be affected in the downstream markets for offshore plants, given the potential supplier-customer relationship between Dyna-Mac and Hanwha.

Companies & Markets

CCCS okays Hanwha’s proposed acquisition of Dyna-Mac

Regulator says transaction will not substantially lessen competition within Singapore

Dyna-Mac's main yard in Gul Road. Hanwha Ocean SG's offer for the company remains conditional on the competition watchdog giving the green light on the deal.

Companies & Markets

Hanwha’s offer for Dyna-Mac turns unconditional on acceptances; closing date extended to Nov 20

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

What does this mean for minority shareholders of Dyna-Mac?

Podcasts

BT Mark to Market: The big takeover - Hanwha’s high-stakes move on Dyna-Mac Holdings

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

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