PigsCanFly OP : Yes, it’s unconditional now that hanwha has more than 50%

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

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

PigsCanFly :

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%

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.

PigsCanFly OP : Estate is very dependent on AC. If AC leaves after cashing out then I am pretty sure that they may be tempted to cash out. Anyway, it’s a given that hanwha will get the 50% controlling stake, doesn’t really matter if they have 50% or 100%.

PigsCanFly OP : Was worried that they will not get controlling stake because it looks like the estate will hold on to at least 30%

PigsCanFly OP : Yes, by right should do that. Anyway, I did indeed sell to hanwha but at 0.665 instead of 0.67. So they saved 0.005 on my 250k shares.

PigsCanFly OP : TBH, I am shifting the funds i used for dyna-mac to Genting Singapore because I believe that share price for G13 will go up during year end as per the trend for the last few years. I forgo this 0.005 and even if Genting goes up by $0.01 before 6th Nov , I would probably make more than selling at 0.67.
The best scenario for dyna-mac is that hanwha gets controlling stake but the estate, Teo Boon Hwee, AC Lim don’t sell(adds up to about 30-40%) remaining 10% for us to play. Started buying this counter because I feel that AC Lim can make this company bigger but am worried that hanwha will take revenge and push him out after they get controlling stake because he made them pay 0.07 cents more by asking for an independent valuer.

PigsCanFly OP : You need to accept the offer by the deadline

PigsCanFly : Estate selling some mother shares so as not to trigger a mandatory takeover when they convert their warrants

PigsCanFly OP : Hanwha increased offer price to $0.67

PigsCanFly OP : Estate sold 2,589,900 mother shares at an average price of 0.63, worth $1,632,819 and paid $1,500,000 to convert 10M warrants