Quick question

IamArnold : i am interested to know too, very tempted to accept the offer

PigsCanFly IamArnold : Unless hanwha gets 90% acceptance , they will not privatise it. They only want a controlling stake so 50% will be good enough for them

IamArnold PigsCanFly : yes, i am keen to know have the major shareholders accepted the offer

PigsCanFly : As of now, only AC Lim say that he will accept

PigsCanFly :

102480096 PigsCanFly : Thank you for the information.
Do you know the current level of acceptance?

PigsCanFly : There is no information on that. But I am guessing that hanwha will get the 50% controlling stake that they need even if the estate is keeping their 30%

102480096 PigsCanFly : Thank you very much for providing some insight on this. As i am uncurrently unsure of what to do.

PigsCanFly : There will no longer be a safety net of $0.67 after this offer expires so it will be similar to other shares with ups and downs. If you are still holding on to the shares after hanwha has a controlling stake, it would probably be good to see who does hanwha appoints as the CEO.
I would like to see them keep AC Lim as the CEO, divert some contracts/leads to Dyna-Mac. There is a very good chance that the share price will still go up if the management team still remains, barring a full blown recession. The reason why I feel that AC Lim is important is because before he came over from Keppel, Dyna-Mac was on the verge of bankruptcy. Kudos to the daughter of the late founder for recognising his abilities and giving him free rein to build the business to what it is today.

102480096 PigsCanFly : I agree with your views. The CEO is indeed very competent. I only have a few lots so i should probably just accept the offer. Thank you