Posts Tagged ‘Hanwhas’
Dyna-Mac fires CEO following review of business after close of Hanwha’s exit offer
OFFSHORE oil-and-gas contractor Dyna-Mac has fired its executive chairman and chief executive officer Lim Ah Cheng. It said in a bourse filing late on Monday (Dec 16) that Lim had been fired with immediate effect, following a review of its business after Hanwha Ocean SG completed the acquisition of the company. As the board of…
Read MoreHanwha’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 THE voluntary conditional cash offer made by Hanwha Ocean SG Holdings to acquire all the shares of Dyna-Mac has been declared unconditional in all respects, following the satisfaction of the merger control condition. In a bourse filing on Friday (Nov 15), UOB,…
Read MoreCCCS okays Hanwha’s proposed acquisition of Dyna-Mac
Regulator says transaction will not substantially lessen competition within Singapore THE Competition and Consumer Commission of Singapore (CCCS) has cleared Hanwha Ocean SG Holding’s proposed acquisition of Dyna-Mac. In a press release on Friday (Nov 15), the competition regulator said that it has assessed that the transaction will not substantially lessen competition within Singapore. Hanwha,…
Read MoreHanwha’s offer for Dyna-Mac turns unconditional on acceptances; closing date extended to Nov 20
HANWHA Ocean SG’s voluntary conditional cash offer for Dyna-Mac was declared unconditional as to acceptances on Tuesday (Nov 5), resulting in an extension of the closing date to 5.30 pm on Nov 20 from the earlier Nov 6 deadline. This comes after Hanwha received valid acceptances to over 554 million shares for its offer at…
Read MoreHanwha’s offer for Dyna-Mac shouldn’t be compared to past non-privatisation deals
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…
Read MoreBrokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says
MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha. The revised offer comes after Hanwha on Sep 11 made a voluntary conditional cash offer to take management control of Dyna-Mac at S$0.60 per share. Hanwha on Monday (Oct 14) said that…
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