ZICO Capital appointed as IFA for Dyna-Mac's offer

Ashley Lo

2024-09-18

On Sept 11, Hanwha made an offer of 60 cents for the shares it does not own in Dyna-Mac.

ZICO Capital has been appointed as the independent financial advisor for Hanwha Group's offer for Dyna-Mac, according to a bourse filing on Sept 18.

On Sept 11, Hanwha made an offer of 60 cents for the shares it does not own in Dyna-Mac. The offer price represents a 21.2% premium to the Mainboard-listed company’s last-traded price of 49.5 cents on Sept 10.

The tender offer process is expected to be completed by end-2024.

Shares in Dyna-Mac closed flat at 63 cents on Sept 18.

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