SINGAPORE – The controlling estate of listed offshore and marine player Dyna-Mac has rejected the voluntary conditional offer by South Korean-controlled Hanwha Ocean, saying the 60 cents offered was a lowball price.
“Offer price of 60 cents per share was made when Dyna-Mac’s share price was at its lowest point over the previous 35 trading days,” stated a statement from the estate of Mr Lim Tze Jong, the late founder of the company.
