According to the filing on the Singapore Exchange (SGX:S68
) (SGX) on the evening of Dec 16, the day-to-day management and operations of Dyna-Mac will continue to be overseen by the company’s directors and management team.
Hanwha Ocean SG has given Dyna-Mac’s chairman of the board and CEO Lim Ah Cheng notice of termination after a review of Dyna-Mac's business.
The termination, which takes effect on Dec 16, comes after the close of Hanwha’s voluntary conditional cash offer.
