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HOCK LOCK SIEW

Hanwha shouldn’t need a majority interest in Dyna-Mac to drive long-term shareholder value

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Ben Paul

Ben Paul

Published Thu, Oct 10, 2024 · 05:00 AM
    • Dyna-Mac has given investors a lot to be optimistic about recently, including reporting a 283.9% rise in H1 2024 net profit to S$38.8 million.
    • Dyna-Mac has given investors a lot to be optimistic about recently, including reporting a 283.9% rise in H1 2024 net profit to S$38.8 million. PHOTO: BT FILE

    INVESTORS appear to be betting heavily that Hanwha Ocean SG will raise its offer price for Dyna-Mac.

    Shares in the offshore and marine engineering company closed on Wednesday (Oct 9) at S$0.635.

    This was 5.8 per cent above the current offer price of S$0.60, and 28.3 per cent above the stock’s last closing price before the offer was announced on Sep 11.

    Hock Lock Siewdyna-mac

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