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

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.