The Estate of Dyna-Mac’s founder, Desmond Lim Tze Jong, believes that Hanwha’s offer of S$0.60 per share for the company does not reflect its growth potential, citing Dyna-Mac’s recent trading performance and analyst projections. With Dyna-Mac servicing global Tier 1 customers and possessing a significant order book, the Estate argues that Hanwha should consider the company’s value and performance in their offer to realize potential synergies.
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Top Dyna-Mac shareholder labels Hanwha offer as ‘uncompelling’
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