dyna-mac
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
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
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
Dyna-Mac shareholders may have dodged a bullet as company delists
Investors must scrutinise offers closely as M&A activity ticks up
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
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 okays Hanwha’s proposed acquisition of Dyna-Mac
Regulator says transaction will not substantially lessen competition within Singapore
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
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.
