The news came shortly after Hanwha Group’s offer for Dyna-Mac turned unconditional with the former having a stake of over 50% as at Nov 4.
The estate of Dyna-Mac’s founding shareholder, Desmond Lim Tze Jong, has decided to accept Hanwha’s offer.
On Nov 5, the estate said it will tender its full stake in Dyna-Mac following the Korean group’s revised offer of 67 cents per share.
