Hanwha Ocean SG Holdings (KRX:042660), via United Overseas Bank (SGX:U11), has acquired all remaining shares of Dyna-Mac Holdings (SGX:NO4) at SG$0.67 each, finalizing its takeover of the offshore engineering firm, according to a Friday filing on the Singapore Exchange.
Dyna-Mac will now be a wholly owned subsidiary, and delisting from the Singapore Exchange is pending approval. Payments to dissenting shareholders will be processed through the Central Depository or mailed as cheques.
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