Hanwha Group's offer for Dyna-Mac turns unconditional with acceptances; offer to remain open till Nov 20

Felicia Tan11-05

The offer still remains conditional as it remains subject to the satisfaction of the CCCS.The offer made by Hanwha Group for the shares it does not own in Dyna-Mac has been declared unconditional as ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481570234?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-05 00:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481570234","market":"other","top_or_hot":-1,"title":"Hanwha Group's offer for Dyna-Mac turns unconditional with acceptances; offer to remain open till Nov 20","media":"Felicia Tan","content":"<div>\n<p>The offer still remains conditional as it remains subject to the satisfaction of the CCCS.The offer made by Hanwha Group for the shares it does not own in Dyna-Mac has been declared unconditional as ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/offer/hanwha-groups-offer-dyna-mac-turns-unconditional-acceptances-offer-remain-open-till-nov?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hanwha Group's offer for Dyna-Mac turns unconditional with acceptances; offer to remain open till Nov 20</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHanwha Group's offer for Dyna-Mac turns unconditional with acceptances; offer to remain open till Nov 20\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 00:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/offer/hanwha-groups-offer-dyna-mac-turns-unconditional-acceptances-offer-remain-open-till-nov?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The offer still remains conditional as it remains subject to the satisfaction of the CCCS.The offer made by Hanwha Group for the shares it does not own in Dyna-Mac has been declared unconditional as ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/offer/hanwha-groups-offer-dyna-mac-turns-unconditional-acceptances-offer-remain-open-till-nov?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCCS","symbol_name":"CCC Intelligent Solutions Holdings Inc.","start_time":0,"source_url":"https://www.theedgesingapore.com/news/offer/hanwha-groups-offer-dyna-mac-turns-unconditional-acceptances-offer-remain-open-till-nov?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2481570234","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481570234","pubTimestamp":1730737103,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The offer still remains conditional as it remains subject to the satisfaction of the CCCS.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CCCS":"CCC Intelligent Solutions Holdings Inc.","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","BK4023":"应用软件"},"translate_title":"韩华集团对Dyna-Mac的收购要约成为无条件接受；优惠开放至11月20日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCCS":1},"content_text":"The offer still remains conditional as it remains subject to the satisfaction of the CCCS.The offer made by Hanwha Group for the shares it does not own in Dyna-Mac has been declared unconditional as to the number of acceptances.\nThe offer, when made on Sept 11, had a minimum acceptance condition, where Hanwha Group had to hold more than 50% of the shares in issue as at the close of the offer. The offer was to close at 5.30pm on Nov 6.\nAs at 6pm on Nov 4, the Korean conglomerate received valid acceptances of 554,004,556 shares in the Mainboard-listed company, representing a stake of 44.45%. From the offer announcement date, Sept 11, and up to the end of the trading day on Nov 4, Hanwha acquired a total of 84,847,300 shares from the open market representing a 6.81% stake in Dyna-Mac. Including its 22.69% stake that it already owned before the offer, the Korean group now owns a total of 638,851,856 shares in Dyna-Mac, representing a 51.25% stake or approximately 50.94% of the latter’s maximum potential issued share capital.  \nWith this, the offer has become unconditional with regard to the number of acceptances. It will remain open for acceptances for 14 more days from its original closing date. Accordingly, shareholders may now issue their acceptances till 5.30pm on Nov 20 from Nov 6 previously.\nHowever, the offer still remains conditional upon a “favourable decision” by the Competition and Consumer Commission of Singapore (CCCS) during its preliminary assessment under the CCCS guidelines on merger procedures and in terms deemed satisfactory to Hanwha Group.\nShares in Dyna-Mac closed 1 cent lower or 1.50% down at 65.5 cents on Nov 4.\nSee also:\n\nHanwha Group makes tender offer of 60 cents per share for Dyna-Mac (update)\nZICO Capital appointed as IFA for Dyna-Mac's offer\nEstate of Dyna-Mac’s founding shareholder does not find Hanwha’s cash offer compelling\nHanwha Group explains rationale behind Dyna-Mac’s offer price\nStandoff as Hanwha keeps 60 cents offer price for Dyna-Mac in offer document\nEstate of Dyna-Mac’s founding shareholder issues follow-up statement after offer document\nHanwha Group announces ‘final offer’ of 67 cents for Dyna-Mac (update)\nDyna-Mac’s IFA deems offer to be ‘fair and reasonable’\nEstate of Dyna-Mac’s founding shareholder to accept Hanwha’s offer","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481570234"}