공시 • Jan 08
Dyna-Mac Holdings Ltd. to Delist from SGX-ST on 9 January The Board of Directors (the “Board”) of Dyna-Mac Holdings Ltd. (the “Company”) refers to the announcement dated 11 September 2024 (the “Offer Announcement”) by United Overseas Bank Limited (“UOB”) for and on behalf of Hanwha Ocean SG Holdings Pte. Ltd. (the “Offeror”) in relation to the voluntary conditional cash offer (the “Offer”) for all the issued and paid-up ordinary shares (the "Shares") in the capital of the Company other than those already owned, controlled or agreed to be acquired by the Offeror. The Board announced that with the completion of the Compulsory Acquisition, the Company will be delisted from the Official List of the SGX-ST on 9 January 2025 with effect from 9.00 a.m. The Board takes this opportunity to thank all Shareholders for the continued support given to the Company since its initial public offering and listing. 공시 • Dec 13
Dyna-Mac Holdings Ltd. Announces Appointment of Kwon Yujin as a Non-Independent Non-Executive Director Dyna-Mac Holdings Ltd. announced appointment of Kwon Yujin as a Non-Independent Non-Executive Director of the Company. Working Experience: Jan 2024 to present - Hanwha Energy Corporation Singapore Pte Ltd, Singapore - Professional Accounts Executive Mar 2023 to Dec 2023 - Alpha Maritime Services Pte Ltd, Singapore - Accounting/Human Resource Assistant Manager Sep 2021 to Nov. 2022 - Apple South Asia Pte. Ltd., Singapore - Artificial Intelligence /Machine Learning-Annotation Analyst. Professional Qualifications: Bachelor's Degree in Business Administration. Appointment date is December 12, 2024. 공시 • Nov 21
Hanwha Aerospace Co., Ltd. (KOSE:A012450) and Hanwha Ocean Co., Ltd. (KOSE:A042660) completed the acquisition of remaining 74.6% stake in Dyna-Mac Holdings Ltd. (SGX:NO4). Hanwha Aerospace Co., Ltd. (KOSE:A012450) and Hanwha Ocean Co., Ltd. (KOSE:A042660) proposed to acquire remaining 74.6% stake in Dyna-Mac Holdings Ltd. (SGX:NO4) for SGD 190 million on September 11, 2024. A cash consideration valued at SGD 0.6 per share will be paid by Hanwha Aerospace Co., Ltd. and Hanwha Ocean Co., Ltd. As of October 14, 2024, the price per share is revised from SGD 0.6 to SGD 0.67 per share. The deal is expected to be completed on November 6, 2024. As of November 4, 2024, the Offeror has received valid acceptances of the Offer in respect of an aggregate of 554,004,556 Offer Shares representing approximately 44.45%2 of the total number of issued Shares which, when taken together with the Shares owned, controlled or agreed to be acquired by the Offeror and its Concert Parties, result in the Offeror holding such number of Shares amounting to more than 50% of the maximum potential issued share capital of the Company. Accordingly, the Minimum Acceptance Condition of the Offer has been satisfied and the Offer has therefore become and is hereby declared unconditional as to acceptances. The Offer remains subject to the satisfaction of the Merger Control Condition. Accordingly, the Offer has not become unconditional in all respects. The closing date for the Offer will be extended from November 6, 2024 to November 20, 2024. The Offer will remain open for acceptance for not less than 14 days after the date on which it would otherwise have closed. As of November 18, 2024, the transaction has been approved by Competition and Consumer Commission of Singapore.
United Overseas Bank Limited acted as financial advisor for Hanwha Ocean Co., Ltd. and Hanwha Aerospace Co., Ltd. ZICO Capital Pte. Ltd. acted as financial advisor for Dyna-Mac Holdings Ltd.
Hanwha Aerospace Co., Ltd. (KOSE:A012450) and Hanwha Ocean Co., Ltd. (KOSE:A042660) completed the acquisition of remaining 74.6% stake in Dyna-Mac Holdings Ltd. (SGX:NO4) on November 20, 2024. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Reported Earnings • Aug 08
First half 2024 earnings released: EPS: S$0.037 (vs S$0.01 in 1H 2023) First half 2024 results: EPS: S$0.037 (up from S$0.01 in 1H 2023). Revenue: S$259.7m (up 43% from 1H 2023). Net income: S$38.8m (up 284% from 1H 2023). Profit margin: 15% (up from 5.5% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 81% per year, which means it is significantly lagging earnings growth. New Risk • Aug 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. 
