Dyna-Mac Holdings Receives Takeover Offer and Approval for Delisting

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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.

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