CCCS OKs Hanwha’s proposed acquisition of Dyna-Mac

CCCS conducted a public consultation from 4 to 18 October.

The Competition and Consumer Commission of Singapore (CCCS) has cleared Hanwha’s proposed acquisition of Dyna-Mac for $0.67 per share.

From 4 to 18 October, CCCS sought public feedback from various stakeholders, including competitors and customers of Hanwha and Dyna-Mac.

The competition watchdog concluded that the proposed acquisition will not infringe the section 54 prohibition of the Competition Act 2004, which prohibits mergers that may substantially lessen competition within any market in Singapore.

CCCS found that the transaction is unlikely to lead to a substantial lessening of competition in the supply of offshore plants because:

Dyna-Mac’s market share in the global supply of topside modules is unlikely to be high.
Customers continue to have sufficient choice of suppliers for topside modules on a global basis.
Dyna-Mac’s topside modules represent only a small portion of those used in the global supply of offshore plants.

Follow the link for more news on

Competition and Consumer Commission of Singapore

mergers and acquisitions

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia