Dyna-Mac Holdings Receives Takeover Offer and Approval for Delisting
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Dyna-Mac Holdings Ltd. has received a voluntary unconditional cash takeover offer from Hanwha Ocean SG Holdings Pte. Ltd., facilitated by United Overseas Bank Limited. The company also announced approval for its proposed delisting and confirmed the non-applicability of certain SGX-ST listing rules. ZICO Capital Pte. Ltd. has been appointed as the independent financial adviser for the offer. Dyna-Mac's current market cap is S$830.7M, with a year-to-date price performance of 0%.
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