- As we have expected, Hanwha group has raised its offer and announced a final offer of S$0.67 per share for Dyna-Mac, above our Dyna-Mac's target price of S$0.64. The offer is final and there will not be any further raises.
- - Read this at SGinvestors.io -
- We believe that this represents a fair exit price for shareholders of Dyna-Mac to realise their investment and reinvest into other under-valued counters.
Offer represents a 10-year high
- The offer of S$0.67 is higher than Dyna-Mac's closing share price for the past 10 years prior to and including 10 Sep 2024.
- - Read this at SGinvestors.io -
- The estate of the founder also said it will need to divest a portion of its shares before exercising its warrants so as not to trigger an obligation to make a mandatory general offer for the firm.
Outlook for Dyna-mac is still positive
- Read more at SGinvestors.io.
