The tender offer process is expected to be completed by end-2024.
ZICO Capital has been appointed as the independent financial advisor for Hanwha Group's offer for Dyna-Mac, according to a bourse filing on Sept 18.
On Sept 11, Hanwha made an offer of 60 cents for the shares it does not own in Dyna-Mac. The offer price represents a 21.2% premium to the Mainboard-listed company’s last-traded price of 49.5 cents on Sept 10.
