Dyna-Mac Holdings Ltd. (SG:NO4) has released an update.
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Hanwha Group has announced a tender offer for shares of Dyna-Mac Holdings Ltd. at a significant 21% premium, reflecting their confidence in Dyna-Mac’s future amidst challenges like geopolitical tensions and a shift towards clean energy. The offer also values Dyna-Mac’s shares at multiples of 5.7 times the net asset value and 13.2 times earnings, with more details to be outlined in an upcoming Offer Document. Hanwha is a top South Korean conglomerate recognized for its influence and commitment to sustainable growth in various global industries.
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