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Hanwha’s offer for Dyna-Mac shouldn’t be compared to past non-privatisation deals

Ben Paul

Ben Paul

Published Fri, Nov 1, 2024 · 05:00 AM
    • Boards and investors should scrutinise the work of IFAs, and push them to justify their views and recommendations.
    • Boards and investors should scrutinise the work of IFAs, and push them to justify their views and recommendations. ILLUSTRATION: PIXABAY

    THERE have been two important developments since Hanwha Ocean SG’s offer for Dyna-Mac was spotlighted by this column three weeks ago.

    On Oct 14, the offeror – a special-purpose vehicle controlled by Hanwha Ocean and Hanwha Aerospace – increased the offer price from S$0.60 per share to S$0.67 per share.

    The offeror said that this new offer price exceeds all closing prices for Dyna-Mac for the last 10 years, and that there would be no further revisions.

    Hock Lock Siewdyna-mac

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