Dyna-Mac - Maybank Research 2024-05-13: Stake Sale At 10% Premium To New Substantial Shareholder; Overhang Cleared

• Dyna-Mac (SGX:NO4)’s substantial shareholder Keppel (SGX:BN4) has sold its entire stake (23.9%) in Dyna-Mac to Hanwha Aerospace and Ocean for S$100m or S$0.40/share, a 10% premium to the closing price on Friday.
• - Read this at SGinvestors.io -

Potential key synergies could benefit Dyna-Mac

• Hanhwa Ocean is one of the largest shipbuilders in South Korea. It aims to build a green energy value chain and could create more direct synergies with Dyna-Mac.
• - Read this at SGinvestors.io -
• Hanwha Ocean’s investment also represents firm confirmation by one of the industry’s largest players of Dyna-Mac’s value and potential.

Orderbook doubles to S$896m

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2024-10-14 Dyna-Mac - Accept The Offer Of S$0.67.

Previous report by Maybank:
2024-09-12 Dyna-Mac - Offer Of S$0.60 Per Share ~ Better To Wait & See.

Price targets by other brokers at Dyna-Mac Target Prices.

Listing of research reports at Dyna-Mac Analyst Reports.

Relevant links:
Dyna-Mac Share Price History,
Dyna-Mac Announcements,
Dyna-Mac Dividend Payout Dates & Corporate Actions,
Dyna-Mac News