Dyna-Mac Holdings Receives Takeover Offer and Approval for Delisting
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%.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Dyna-Mac Holdings Ltd. ( (SG:NO4) ) has issued an announcement.
Dyna-Mac Holdings Ltd. announced that United Overseas Bank Limited, on behalf of Hanwha Ocean SG Holdings Pte. Ltd., has made a voluntary unconditional cash offer for all issued and paid-up ordinary shares of the company, except those already owned or agreed to be acquired by the offeror. The announcement also includes approval for the proposed delisting of the company and confirmation of the non-applicability of certain listing rules of the SGX-ST. The company’s board has appointed ZICO Capital Pte. Ltd. as the independent financial adviser to assist with the offer.
More about Dyna-Mac Holdings Ltd.
YTD Price Performance: 0%
Average Trading Volume: 12,643,086
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$830.7M
Find detailed analytics on NO4 stock on TipRanks’ Stock Analysis page.
Trending Articles:
- ‘Keep Your Bullish Hat On,’ Says Analyst About Tesla Stock
- Walmart (NYSE:WMT) To Be the Big Winner over Amazon This Year
- Ford (NYSE:F) Recovers as Trump Tariffs May Shift
