The estate of founder Desmond Lim, Dyna-Mac's single largest shareholder, did not find Hanwha's initial offer of 60 cents per share on Oct 10 compelling as it did not adequately reflect the company's value and growth potential.
On Oct 15, Hanwha Group increased its bid to 67 cents per share for the remaining stake in Dyna-Mac.
The sweetened takeover offer reflected a 35.4 per cent premium over Dyna-Mac's last traded price on Sept 10, before Hanwha's initial proposal.
Mr Lim's estate holds a 30.7 per cent stake in Dyna-Mac while Hanwha's subsidiaries, Hanwha Aerospace and Hanwha Ocean, collectively own about 25 per cent, LSEG data showed.
Denne historien er fra November 06, 2024-utgaven av The Straits Times.
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Denne historien er fra November 06, 2024-utgaven av The Straits Times.
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Touring exhibition of graffiti artist Banksy to open in Singapore in December
The guerilla-style political art of anonymous graffiti artist Banksy, which has popped up on streets in cities worldwide, will finally grace vandalism-tough Singapore this December—albeit indoors.
Bag brand Aupen's founder is former national swimmer Nicholas Tan
The Singapore-founded bag brand Aupen has been seen on the arms of pop superstars Taylor Swift, Lady Gaga, and Beyonce, but the team behind the trendy label has largely kept a low profile—until now.
Music from Bridgerton in upcoming concert
Fans of the Netflix historical romance series Bridgerton (2020 to present) are in for a treat as songs from the hit show will be performed in Singapore.
Travel news Travel discounts at Trafalgar Tours' showcase
From Nov 6 to 10, Trafalgar Tours, a brand under travel company The Travel Corporation (TTC), is holding its first travel fair at the level one atrium of shopping centre Plaza Singapura.
Musical Six retells stories of Henry VIII's wives in pop-concert style
Divorced, beheaded, died, divorced, beheaded, survived - this is how most people remember the six wives of 16th-century King of England Henry VIII.
Nafa's hopes of building a print archive
The acquisition of a collection from Typesettingsg, Singapore's only letterpress heritage studio, has increased its holdings by about 10 times
Brotherly bonds cut deeper than blades
Psychological thriller Pierce offers a bracing portrait of how young men seek out and cling to male role models
Thousands of girls sold and forced into sex trade in India
West Bengal a key trafficking hub, with more than 50,000 girls missing
Dua Lipa gets Singapore crowd 'levitating'
The words \"training season's over\" flashed on the screen as British-Albanian singer Dua Lipa took the Singapore Indoor Stadium stage on Nov 5 to kick off her Radical Optimism Tour.
4 movies, 2 islands
Singapore film-makers look to Taiwan for funding, hands-on support, cultural kinship
