Dyna-Mac

CCCS clears proposed acquisition of Dyna-Mac by Hanwha Ocean; offer turns unconditional in all aspects - THE EDGE SINGAPORE

Offer

CCCS clears proposed acquisition of Dyna-Mac by Hanwha Ocean; offer turns unconditional in all aspects

The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed acquisition of Dyna-Mac Holdings by Hanwha Ocean SG Holdings

SGX Research Series: 10 in 10

Dyna-Mac focuses on being global multi-disciplinary contractor for energy market

Dyna-Mac's $307.7 million net cash position as at June 30 allows the group to seize opportunities.
Estate of Dyna-Mac’s founding shareholder issues follow-up statement after offer document - THE EDGE SINGAPORE

Offer

Estate of Dyna-Mac’s founding shareholder issues follow-up statement after offer document

As at 4.05pm, shares in Dyna-Mac are trading 0.5 cents lower or 0.79% down at 63 cents.

Global Economy

Briefs: Stand-off as Hanwha keeps 60-cent offer for Dyna-Mac in offer document, Elite UK REIT to divest Scotland office

In other news this week: Oracle plans to invest US$6.5 billion building a cloud services centre in Malaysia.
Standoff as Hanwha keeps 60 cents offer price for Dyna-Mac in offer document  - THE EDGE SINGAPORE

Offer

Standoff as Hanwha keeps 60 cents offer price for Dyna-Mac in offer document

Analysts from Maybank Securities, OCBC Investment Research (OIR) and Lim & Tan Securities have recommended investors “wait” for the final offer.
Briefs: Hanwha Group explains offer price for Dyna-Mac; No increase in offer for Silverlake Axis; Anwar speaks in Johor - THE EDGE SINGAPORE

Singapore news

Briefs: Hanwha Group explains offer price for Dyna-Mac; No increase in offer for Silverlake Axis; Anwar speaks in Johor

Also, Temasek sets aside $100 million as concessional capital for climate action; and GIC, Temasek back Brookfield in an emerging markets transition fund.
Hanwha Group explains rationale behind Dyna-Mac’s offer price - THE EDGE SINGAPORE

Offer

Hanwha Group explains rationale behind Dyna-Mac’s offer price

An offer document will be sent out no later than Oct 2.

Broker's Calls

Brokers' Digest: UOB, Dyna-Mac, Sheng Siong, ST Engineering

Here's what the analysts have to say this week.
Maybank Securities raises STI target to 3,583 points - THE EDGE SINGAPORE

Broker's Calls

Maybank Securities raises STI target to 3,583 points

Maybank Securities raises STI target to 3,583 points
Dyna-Mac to expand facilities via acquisition of Exterran Offshore - THE EDGE SINGAPORE

Broker's Calls

Maybank estimates Dyna-Mac's FY2023 earnings to be $20.7 mil

Dyna-Mac's intent to acquire Exterran Offshore will extend the its waterfront length by 680 metres.
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