Sign in to continue:

Sunday, February 8th, 2026
Market UpdatesSingapore SGX stocks

Hanwha Group Maintains SGD 0.60 Offer for Dyna-Mac Amid Uncertainty

Posted on October 3, 2024 at 2:27 pm (GMT+8)

649
Views
Share on Facebook
Share on Twitter

Report Date and Broker

  • Date: 3 October 2024
  • Broker: Maybank Research Pte Ltd

Offer Announcement
Dyna-Mac has received an offer from Hanwha Group to acquire shares at SGD 0.60 per share. This offer was detailed in an offer document dated 2 October 2024.

Offer Terms and Current Status
Hanwha Group has maintained the offer price of SGD 0.60 but has not indicated whether this is the final offer. As of 2 October 2024, no third-party offer has been made for Dyna-Mac.

Irrevocable Undertakings
Hanwha currently holds irrevocable undertakings for 24.31% of Dyna-Mac’s shares. Hanwha aims to increase its ownership to at least 50%, leaving 25.69% of the company’s shares needed to reach this threshold. If the offer does not meet this requirement, shareholders who have accepted the offer will have their shares returned.

Listing Status
Hanwha Group has expressed its intention to keep Dyna-Mac listed on the stock exchange, despite the offer to acquire shares.

Related Posts

Bursa KLSE stocksMarket Updates

CNMC Goldmine Stock Analysis 2026: Rising Gold Prices, Expansion, and Investment Outlook
minichart
January 21, 2026

Broker Name: Lim & Tan Securities Date of Report: 21 January 2026 Excerpt from Lim & Tan Securities report. Report Summary Singapore’s FSSTI index was slightly down, but gold prices continued their strong upward...

Market UpdatesSingapore SGX stocks

Singapore Stock Market Highlights: FSSTI Performance, CDL Hospitality Trust & CapitaLand Investment Updates – November 2025 Market Review
minichart
November 25, 2025

Broker Name: Lim & Tan Securities Date of Report: 25 November 2025 Excerpt from Lim & Tan Securities report. Report Summary: Global markets rallied, driven by optimism over a potential US Fed rate cut...

Market UpdatesSingapore SGX stocks

SingPost Stock: Strong Buy Rating with 31% Upside and Potential Special Dividends
minichart
December 9, 2024

In-depth Financial Analysis of Singapore Post Ltd In-depth Financial Analysis of Singapore Post Ltd Broker Name: Maybank Research Pte Ltd Date of Report: December 6, 2024 Introduction The latest report from Maybank Research Pte...