Dyna-Mac delists from SGX-ST after Hanwha acquisition

This is due to the compulsory acquisition of the Hanwha Ocean.

Dyna-Mac Holdings Ltd. has been delisted from the official list of the Singapore Exchange (SGX-ST) as its compulsory acquisition has been completed, transferring all shares of its dissenting shareholders to Hanwha Ocean SG Holdings Pte. Ltd.

In October 2024, Hanwha Ocean, through United Overseas Bank Limited (UOB), made a voluntary cash offer to buy all shares of Dyna-Mac Holdings other than those already owned.

Moreover, Hanwha Ocean also announced its intention to compulsorily acquire all the offer shares not acquired under the offer and delist the company on SGX-ST.

In December, shareholders who had not accepted the offer were notified that their shares would be compulsorily acquired. The final offer price was $0.67 per share.

Hanwha Ocean SG Holdings announced on 3 January that it had exercised its legal right to acquire the remaining shares.

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