Sembcorp Marine (SembMarine) has announced that intends to take a renounceable underwritten rights issue to raise gross proceeds of some $1.5 billion with an issue price of 8 cents per rights share. The company will issue up to 18.83 billion new shares in its capital on the basis of three new shares...

Dyna-Mac Holdings has secured additional work scope from existing customers for a total provisional contract sum of $8 million. The group was awarded additional work scope for an ongoing project in its fabrication yard in relation to a turret module for a Floating Production Storage and Offloading (...

Dyna-Mac Holdings has secured a fabrication project from BW Offshore group for a total estimated contract value of $197 million on May 24. BW Offshore group is a repeat customer of the group. The contract, which was signed by a wholly-owned subsidiary of the BW Offshore group, is for the supply, fab...

MAINBOARD-LISTED Dyna-Mac Holdings, which fabricates topside modules and structures for the offshore oil and gas industry, has secured a S$197 million contract from repeat customer BW Offshore group for a fabrication project.

Cashed-up buyers, low liquidity and bashed-up valuations for cyclicals are driving Singapore’s economy, particularly leading to a wave of privatisation here, say CGS-CIMB Research analysts Lim Siew Khee and Cezzane See. Lim and See’s Jan 22 note comes on the back of a “flurry” of corporate t...

OFFSHORE oil and gas contractor Dyna-Mac on Monday said it has secured fabrication projects for a total provisional sum of S$157.5 million.

THE following companies saw new developments that may affect trading of their shares on Thursday:

Dyna-Mac Holdings and Keppel Offshore & Marine have entered into a memorandum of understanding (MOU) on September 11. The MOU was signed by Keppel O&M’s wholly-owned subsidiary Keppel Shipyard. Under the terms of the MOU, the collaboration agreement entered into on July 15, 2010, by both p...

DYNA-MAC Holdings is set to report a net loss for the second quarter ended June 30, based on a preliminary review of its unaudited results.

DYNA-MAC Holdings' independent auditor has raised doubts on the group's ability to generate sufficient operating cash flows and continue as a going concern.