OFFSHORE oil-and-gas contractor Dyna-Mac announced that it will delist from the mainboard of the Singapore Exchange (SGX) with effect from 9 am on Thursday (Jan 9) .
This follows the close of the voluntary unconditional cash offer made by Hanwha Ocean SG on Nov 20.
On Thursday, Dyna-Mac said the compulsory acquisition of all offer shares not acquired under Hanwha’s offer is complete.
On Dec 16, Dyna-Mac fired its executive chairman and chief executive Lim Ah Cheng following a business review after Hanwha Ocean SG completed the acquisition of the company.
Lim has helmed the company for four years and managed to bring it back from the brink of bankruptcy.
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