bullish
Dyna-Mac (DMHL SP): Hanwha’s Voluntary Conditional Offer
762 Views12 Sep 2024 01:38
While a reasonable offer, Hanwha is likely to face shareholder resistance as it is below the recent high of S$0.615 and Dyna-Mac's improving outlook. A bump may be required.
What is covered in the Full Insight:
- Introduction and Offer Details
- Company Background
- Key Conditions of the Offer
- Shareholding Structure and Valuation
- Regulatory Approval and Timeline
Boomeranged on Tue, 24 Sep 2024 13:01
The Lim Estate’s statement notes that Dyna-Mac “is definitely worth more than SGD 0.60 per share. The Estate is not opposed to proposed offers for Dyna-Mac, but like all shareholders, it strongly believes that any offer must be compelling.” The statement also notes “analysts’ share price targets ranging from SGD 0.64 to SGD 0.715.” This development increases the probability of a bump.
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