Dyna-Mac delists from SGX after Hanwha Ocean completes compulsory acquisition Singapore News

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Dyna-Mac delists from SGX after Hanwha Ocean completes compulsory acquisition Singapore News
Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Dyna-Mac Holdings Ltd, an offshore oil-and-gas contractor, announced it would delist from the Singapore Exchange mainboard from 9 am on Thursday , as reported by The Business Times.

The decision follows the completion of a voluntary unconditional cash offer by Hanwha Ocean SG on Nov 20. The company said that the compulsory acquisition of all shares not bought under Hanwha’s offer had been completed.

On Dec 16, former Dyna-Mac executive chairman and chief executive officer Lim Ah Cheng was removed from his position following a business review after the acquisition by Hanwha Ocean SG.

 

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