Keppel first invested in Dyna-Mac back in 2011 at 35 cents each, or a total of $87.5 million.
Keppel has divested its 23.91% stake in Dyna-Mac Holdings (SGX:NO4
) to entities controlled by Korean conglomerate Hanwha in a married deal for $100 million.
With Keppel's stake of 250 million shares, that works out to 40 cents per share, which is a premium over Dyna-Mac's closing price of 36 cents on May 9 and 37 cents on May 10 respectively.
