CINXE.COM
<!doctype html> <html lang="en"> <head> <meta charset="UTF-8" /> <link href="/favicon.ico" rel="icon" type="image/x-icon" /> <meta content="width" name="MobileOptimized" /> <meta content="true" name="HandheldFriendly" /> <meta content="width=device-width, initial-scale=1" name="viewport" /> <meta content="ie=edge" http-equiv="x-ua-compatible" /> <meta name="google-play-app" content="app-id=com.ps.bt" /> <meta name="apple-itunes-app" content="app-id=531275824" /> <link rel="manifest" href="/manifest.json" /> <script type="text/javascript" src="https://adtag.sphdigital.com/tag/ads/ads_checker.js" ></script> <script> // Initialize the google variables. var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; // Add a place to store the slot name variable. googletag.slots = googletag.slots || {}; </script> <title data-rh="true">Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says - The Business Times</title><meta data-rh="true" name="description" content="MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha."/><meta data-rh="true" name="robots" content="index, follow, max-image-preview:large"/><meta data-rh="true" name="article:title" content="Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says - The Business Times"/><meta data-rh="true" name="article:description" content="MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha."/><meta data-rh="true" name="article:published_time" content="2024-10-15T13:47:08+08:00"/><meta data-rh="true" name="created" content="1728971228"/><meta data-rh="true" name="article:modified_time" content="2024-10-15T13:47:08+08:00"/><meta data-rh="true" name="updated" content="1728971228"/><meta data-rh="true" name="article:articleid" content="5127872"/><meta data-rh="true" name="articleid" content="5127872"/><meta data-rh="true" name="article_id" content="5127872"/><meta data-rh="true" name="article_tags" content="brokers' take,brokerages,dyna-mac"/><meta data-rh="true" name="article:sph-keywords" content="Brokers' Take,Brokerages,dyna-mac"/><meta data-rh="true" name="article:author" content="Therese Soh"/><meta data-rh="true" name="author" content="Therese Soh"/><meta data-rh="true" name="article:sph-accessflag" content="0"/><meta data-rh="true" name="article:pageclass" content="article"/><meta data-rh="true" name="google-site-verification" content="64YzaSIKUvOcgG1DccSNNzlWDqXwjSx4lDDgbgtDLJE"/><meta data-rh="true" name="format-detection" content="telephone=no"/><meta data-rh="true" name="article:category_id" content=""/><meta data-rh="true" name="article:category" content="Companies & Markets"/><meta data-rh="true" property="og:site_name" content="The Business Times"/><meta data-rh="true" property="og:type" content="article"/><meta data-rh="true" property="og:url" content="https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" property="og:title" content="Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says"/><meta data-rh="true" property="og:description" content="MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha. Read more at The Business Times."/><meta data-rh="true" property="og:image" content="https://cassette.sphdigital.com.sg/image/businesstimes/467fc99cfa4fd0580f0a49e89db19b97b8ba57bd0c371c40f1b0a133ebc6a490"/><meta data-rh="true" property="og:image:width" content="1200"/><meta data-rh="true" property="og:image:height" content="630"/><meta data-rh="true" property="og:image:alt" content="Dyna-Mac's offshore floating production, storage and offloading (FPSO)."/><meta data-rh="true" property="fb:admins" content="100008016031098"/><meta data-rh="true" property="fb:pages" content="288031731262011"/><meta data-rh="true" property="fb:app_id" content="328386607332790"/><meta data-rh="true" name="twitter:card" content="summary_large_image"/><meta data-rh="true" name="twitter:site" content="@BusinessTimes"/><meta data-rh="true" name="twitter:title" content="Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says"/><meta data-rh="true" name="twitter:url" content="https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" name="twitter:description" content="MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha."/><meta data-rh="true" name="twitter:image" content="https://cassette.sphdigital.com.sg/image/businesstimes/467fc99cfa4fd0580f0a49e89db19b97b8ba57bd0c371c40f1b0a133ebc6a490"/><meta data-rh="true" name="twitter:image:alt" content="Dyna-Mac's offshore floating production, storage and offloading (FPSO)."/><meta data-rh="true" name="twitter:app:country" content="US"/><meta data-rh="true" name="twitter:app:id:iphone" content="531275824"/><meta data-rh="true" name="twitter:app:url:iphone" content="com.sph.bt://url=https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" name="twitter:app:id:ipad" content="531283825"/><meta data-rh="true" name="twitter:app:url:ipad" content="com.sph.bt://url=https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" name="twitter:app:id:googleplay" content="com.ps.bt"/><meta data-rh="true" name="twitter:app:url:googleplay" content="com.sph.bt://url=https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" property="al:ios:url" content="https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" property="al:ios:app_store_id" content="531275824"/><meta data-rh="true" property="al:ios:app_name" content="Business Times"/><meta data-rh="true" property="al:android:url" content="https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" property="al:android:package" content="com.ps.bt"/><meta data-rh="true" property="al:android:app_name" content="The Business Times"/><meta data-rh="true" property="al:web:url" content="https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><meta data-rh="true" name="grapeshot_tag" id="grapeshot" data-testid="grapeshot" content=""/><link data-rh="true" rel="preconnect" href="https://dev.visualwebsiteoptimizer.com"/><link data-rh="true" rel="alternate" href="android-app://com.ps.bt/https/www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><link data-rh="true" rel="canonical" href="https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"/><style data-rh="true" type="text/css">.overlayWhite { display: none; } </style><script data-rh="true" type="text/javascript" id="vwoCode" async="true"> window._vwo_code || (function() { var account_id=786877, version=2.1, settings_tolerance=2000, hide_element='body', hide_element_style = 'opacity:0 !important;filter:alpha(opacity=0) !important;background:none !important', /* DO NOT EDIT BELOW THIS LINE */ f=false,w=window,d=document,v=d.querySelector('#vwoCode'),cK='_vwo_'+account_id+'_settings',cc={};try{var c=JSON.parse(localStorage.getItem('_vwo_'+account_id+'_config'));cc=c&&typeof c==='object'?c:{}}catch(e){}var stT=cc.stT==='session'?w.sessionStorage:w.localStorage;code={use_existing_jquery:function(){return typeof use_existing_jquery!=='undefined'?use_existing_jquery:undefined},library_tolerance:function(){return typeof library_tolerance!=='undefined'?library_tolerance:undefined},settings_tolerance:function(){return cc.sT||settings_tolerance},hide_element_style:function(){return'{'+(cc.hES||hide_element_style)+'}'},hide_element:function(){if(performance.getEntriesByName('first-contentful-paint')[0]){return''}return typeof cc.hE==='string'?cc.hE:hide_element},getVersion:function(){return version},finish:function(e){if(!f){f=true;var t=d.getElementById('_vis_opt_path_hides');if(t)t.parentNode.removeChild(t);if(e)(new Image).src='https://dev.visualwebsiteoptimizer.com/ee.gif?a='+account_id+e}},finished:function(){return f},addScript:function(e){var t=d.createElement('script');t.type='text/javascript';if(e.src){t.src=e.src}else{t.text=e.text}d.getElementsByTagName('head')[0].appendChild(t)},load:function(e,t){var i=this.getSettings(),n=d.createElement('script'),r=this;t=t||{};if(i){n.textContent=i;d.getElementsByTagName('head')[0].appendChild(n);if(!w.VWO||VWO.caE){stT.removeItem(cK);r.load(e)}}else{var o=new XMLHttpRequest;o.open('GET',e,true);o.withCredentials=!t.dSC;o.responseType=t.responseType||'text';o.onload=function(){if(t.onloadCb){return t.onloadCb(o,e)}if(o.status===200){_vwo_code.addScript({text:o.responseText})}else{_vwo_code.finish('&e=loading_failure:'+e)}};o.onerror=function(){if(t.onerrorCb){return t.onerrorCb(e)}_vwo_code.finish('&e=loading_failure:'+e)};o.send()}},getSettings:function(){try{var e=stT.getItem(cK);if(!e){return}e=JSON.parse(e);if(Date.now()>e.e){stT.removeItem(cK);return}return e.s}catch(e){return}},init:function(){if(d.URL.indexOf('__vwo_disable__')>-1)return;var e=this.settings_tolerance();w._vwo_settings_timer=setTimeout(function(){_vwo_code.finish();stT.removeItem(cK)},e);var t;if(this.hide_element()!=='body'){t=d.createElement('style');var i=this.hide_element(),n=i?i+this.hide_element_style():'',r=d.getElementsByTagName('head')[0];t.setAttribute('id','_vis_opt_path_hides');v&&t.setAttribute('nonce',v.nonce);t.setAttribute('type','text/css');if(t.styleSheet)t.styleSheet.cssText=n;else t.appendChild(d.createTextNode(n));r.appendChild(t)}else{t=d.getElementsByTagName('head')[0];var n=d.createElement('div');n.style.cssText='z-index: 2147483647 !important;position: fixed !important;left: 0 !important;top: 0 !important;width: 100% !important;height: 100% !important;background: white !important;';n.setAttribute('id','_vis_opt_path_hides');n.classList.add('_vis_hide_layer');t.parentNode.insertBefore(n,t.nextSibling)}var o='https://dev.visualwebsiteoptimizer.com/j.php?a='+account_id+'&u='+encodeURIComponent(d.URL)+'&vn='+version;if(w.location.search.indexOf('_vwo_xhr')!==-1){this.addScript({src:o})}else{this.load(o+'&x=true')}}};w._vwo_code=code;code.init();})();</script><script data-rh="true" >;window.NREUM||(NREUM={});NREUM.init={session_replay:{enabled:true,block_selector:'',mask_text_selector:'*',sampling_rate:10.0,error_sampling_rate:100.0,mask_all_inputs:true,collect_fonts:true,inline_images:false,inline_stylesheet:true,mask_input_options:{}},distributed_tracing:{enabled:true},privacy:{cookies_enabled:true},ajax:{deny_list:["bam.nr-data.net"]}};;NREUM.loader_config={accountID:"225023",trustKey:"225023",agentID:"1103312515",licenseKey:"NRBR-70564e4017ab43d3811",applicationID:"1103312515"};;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"NRBR-70564e4017ab43d3811",applicationID:"1103312515",sa:1};</script><script data-rh="true" type="text/javascript" src="/assets-web2/nr-loader-spa.1.252.0.min-DkQvycqG.js" async="true"></script><script data-rh="true" id="ga_data_layer_5127872"> var _data = {}; _data = { "articleid" : "5127872", "cue_articleid" : "5127872", "at" : "", "author" : "Therese Soh", "chapter1" : "", "contentcat" : "1", "contenttype" : "1", "keyword" : "brokers' take,brokerages,dyna-mac", "level2" : "companies markets", "pagination" : "1", "permutive_id" : window.localStorage.getItem("permutive-id") || "", "pubdate" : "2024-10-15 13:47:08", "story_threads" : "", "title" : "Brokers__take:_Dyna-Mac_shareholders_should_accept_Hanwha_s_S$0.67_a_share_offer,_Maybank_says", "visitorcat" : "1", "termid" : "", "product_flag" : "(not set)", "user_keyword" : "(not set)", "adblocker" : 0, "cd_version" : "bt2", "gs_channels" : "", "event" : "undefined", }; var isArticlePage = false; if (typeof _data != "undefined" && typeof _data.articleid != "undefined" && _data.articleid != "") { isArticlePage = true; } </script><script data-rh="true" id="permutive_script"> var permutive_keys = { articleid: "5127872", chapter1: "", contentcat: "1", contenttype: "1", gsKeywords: [""], keywords: ["brokers' take","brokerages","dyna-mac"], sph_seg: [], story_threads: "", title: "Brokers__take:_Dyna-Mac_shareholders_should_accept_Hanwha_s_S$0.67_a_share_offer,_Maybank_says", visitorcat: "anonymous", }; per_userid = ""; var per_ptid = ""; if (typeof _data != 'undefined') { if (typeof _data.at != 'undefined' && _data.at != "") { per_userid = _data.at; } if ( typeof per_getcookie("mysph_lr") != "undefined" && per_getcookie("mysph_lr") != "" ) { per_ptid = per_getcookie("mysph_lr"); } if (typeof _data.pagination != 'undefined' && _data.pagination != "") { permutive_keys.pagination = parseInt(_data.pagination); } if (typeof _data.printcat != 'undefined' && _data.printcat != "") { permutive_keys.printcat = _data.printcat; } } function per_getcookie(cname) { if (document.cookie.length > 0) { c_start = document.cookie.indexOf(cname + "="); if (c_start != -1) { c_start = c_start + cname.length + 1; c_end = document.cookie.indexOf(";", c_start); if (c_end == -1) { c_end = document.cookie.length } return unescape(document.cookie.substring(c_start, c_end)) } } return "" } var per_suid = per_getcookie('suid'); var sph_seg = per_getcookie('sph_seg'); if (typeof sph_seg != 'undefined' && sph_seg != "") { permutive_keys.sph_seg = sph_seg.toLowerCase().split(','); } !function (e, o, n, i) { if (!e) { e = e || {}, window.permutive = e, e.q = []; var t = function () { return ([1e7] + -1e3 + -4e3 + -8e3 + -1e11).replace(/[018]/g, function (e) { return (e ^ (window.crypto || window.msCrypto).getRandomValues(new Uint8Array(1))[0] & 15 >> e / 4).toString(16) }) }; e.config = i || {}, e.config.apiKey = o, e.config.workspaceId = n, e.config.environment = e.config.environment || "production", (window.crypto || window.msCrypto) && (e.config.viewId = t()); for (var g = ["addon", "identify", "track", "trigger", "query", "segment", "segments", "ready", "on", "once", "user", "consent"], r = 0; r < g.length; r++) { var w = g[r]; e[w] = function (o) { return function () { var n = Array.prototype.slice.call(arguments, 0); e.q.push({ functionName: o, arguments: n }) } }(w) } } }(window.permutive, "ab403253-b305-47fa-a31b-3efb2473166f", "5f876161-9740-4cc8-9b64-4585990b2690", {}); window.googletag = window.googletag || {}, window.googletag.cmd = window.googletag.cmd || [], window.googletag.cmd.push(function () { if (0 === window.googletag.pubads().getTargeting("permutive").length) { var e = window.localStorage.getItem("_pdfps"); window.googletag.pubads().setTargeting("permutive", e ? JSON.parse(e) : []); var o = window.localStorage.getItem("permutive-id"); window.googletag.pubads().setTargeting("puid", o ? o : ""); window.googletag.pubads().setTargeting("ptime", Date.now().toString()); window.permutive.config.viewId && window.googletag.pubads().setTargeting("prmtvvid", window.permutive.config.viewId); window.permutive.config.workspaceId && window.googletag.pubads().setTargeting("prmtvwid", window.permutive.config.workspaceId); } }); permutive.identify([ { id: per_userid, tag: "userid", priority: 0, }, { id: per_ptid, tag: "ptid", priority: 1, }, { id: per_suid, tag: "suid", priority: 2, }, ]); permutive.addon('web', { page: permutive_keys }); // Permutive Ready check with Timeout function definition window.permutive.readyWithTimeout = function (e, i, t) { var u = !1, n = function () { u || (e(), u = !0) }; (t = t || 1 / 0) !== 1 / 0 && window.setTimeout(n, t), permutive.ready(n, i) }; </script><script data-rh="true" >var gs_channels = [""];</script><script data-rh="true" type="application/ld+json">{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says","datePublished":"2024-10-15T05:47:08.000Z","dateModified":"2024-10-15T05:47:08.000Z"},"headline":"Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says","image":["https://cassette.sphdigital.com.sg/image/businesstimes/467fc99cfa4fd0580f0a49e89db19b97b8ba57bd0c371c40f1b0a133ebc6a490"],"publisher":{"@type":"Organization","name":"The Business Times","logo":{"@type":"ImageObject","url":"https://www.businesstimes.com.sg/assets-web2/bt-logo-72-1T5NabTC.jpg"}},"author":[{"@type":"Person","name":"Therese Soh","url":"https://www.businesstimes.com.sg/authors/therese-soh"}]}</script> <script type="module" crossorigin src="/assets-web2/index-C1kf6tt2.js"></script> <link rel="stylesheet" crossorigin href="/assets-web2/index-Dwn-k9jd.css"> </head> <body> <div id="MyPageOverlay" class="overlayWhite"></div> <div id="postitial_holder"></div> <div id="app"><main class="flex w-screen max-w-full flex-col antialiased" id="background_container"><div class="mx-auto flex w-full flex-grow flex-col items-center" id="content-container"><div class="w-full" data-testid="article-content-component"><div id="dfp-ad-lb1" class="ad-placeholder flex min-h-[50px] flex-col items-center justify-center border-b border-gray-175 bg-gray-125 py-1 md:py-3 lg:min-h-[250px]" data-testid="dfp-ad-lb1" data-ad-type="lb1" data-ad-index="0"></div><header data-testid="navigation-bar" class="_componentHeader_wuadj_1 sticky left-0 top-[-1px] z-30 w-full flex-none"><div class="relative flex min-h-[50px] w-full items-center border-b border-gray-175 bg-white"><div class="mx-auto flex h-full min-h-[50px] w-full max-w-[1900px] px-2 lg:px-6 justify-between"><div class="flex items-center"><button aria-label="Toggle side menu" class="block flex-none cursor-pointer opacity-100 duration-300 h-[48px] w-[48px] border-0 !outline-none focus-within:outline-0 focus:outline-0 lg:h-9 lg:w-9 lg:hover:rounded-full lg:hover:bg-gray-250"><img class="block h-full w-full px-[6px] lg:hidden" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2036%2036'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3crect%20x='8'%20y='17.25'%20width='6'%20height='1.5'%20fill='%232B2B2B'/%3e%3crect%20x='24.4141'%20y='20'%20width='3.64363'%20height='1.5'%20transform='rotate(45%2024.4141%2020)'%20fill='%232B2B2B'/%3e%3crect%20x='8'%20y='22.5'%20width='9'%20height='1.5'%20fill='%232B2B2B'/%3e%3crect%20x='8'%20y='12'%20width='9'%20height='1.5'%20fill='%232B2B2B'/%3e%3ccircle%20cx='21'%20cy='18'%20r='3.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3c/svg%3e" width="36" height="36" alt="hamburger icon"/><img class="hidden h-full w-full lg:block" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2036%2036'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3crect%20x='11'%20y='12'%20width='14'%20height='1.8'%20fill='%232B2B2B'/%3e%3crect%20x='11'%20y='17'%20width='14'%20height='1.8'%20fill='%232B2B2B'/%3e%3crect%20x='11'%20y='22'%20width='14'%20height='1.8'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="36" height="36" alt="hamburger icon"/></button><div class="hidden flex-none lg:block"><a class="flex cursor-pointer items-center justify-center opacity-100 duration-300 border-0 !outline-none focus-within:outline-0 focus:outline-0 lg:hover:rounded-full lg:hover:bg-gray-250" aria-label="Search" href="/search"><img src="data:image/svg+xml,%3csvg%20viewBox='0%200%2036%2036'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3crect%20x='21.4141'%20y='20'%20width='5'%20height='1.8'%20transform='rotate(45%2021.4141%2020)'%20fill='%232B2B2B'/%3e%3ccircle%20cx='17'%20cy='17'%20r='5.1'%20stroke='%232B2B2B'%20stroke-width='1.8'/%3e%3c/svg%3e" class="h-full w-[36px]" width="36" height="36" alt="close"/><p class="m-0 block font-poppins text-xs font-normal tracking-2% text-gray-850 lg:hidden">Search</p></a></div></div><div class="absolute left-1/2 top-1/2 block -translate-x-1/2 -translate-y-1/2"><div class="mx-auto py-4 lg:py-0"><a title="The Business Times" href="/?ref=logo"><img src="/assets-web2/logo-masthead-PNobukBu.svg" alt="The Business Times" width="220" height="19"/></a></div></div><div class="mr-auto flex items-center"><div data-testid="section-navigation-component" class="hidden items-center"><div class="mx-3 h-[24px] w-[1px] flex-none bg-gray-175"></div><p class="m-0 mr-3 flex h-9 w-auto items-center justify-center text-nowrap rounded-[25px] px-3 font-poppins text-2xs font-semibold leading-none tracking-tightest text-gray-850 duration-300 lg:hover:bg-gray-250"><a rel="noopener noreferer" href="/companies-markets?ref=header">Companies</a></p></div></div><div class="flex flex-none items-center"><div class="flex items-center justify-center lg:mr-3"><button data-testid="user-login-trigger" type="button" class="text-gray-850 cursor-pointer font-poppins text-2xs font-semibold opacity-100 flex items-center justify-center rounded-[25px] leading-none tracking-tightest focus-within:outline-0 focus:outline-0 lg:p-3 lg:hover:bg-gray-175" data-rac=""><p class="m-0 hidden lg:block">Login</p><img class="block lg:hidden" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2048%2048'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1600_10292)'%3e%3ccircle%20cx='24'%20cy='22'%20r='4.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3ccircle%20cx='24'%20cy='40'%20r='11.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1600_10292'%3e%3crect%20width='20'%20height='15'%20fill='white'%20transform='translate(14%2017)'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="48" height="48" alt="account"/></button><div class="relative hidden flex-none" data-testid="my-account-header-anon-trigger-component" id="my-account-anon-trigger"><div class="relative z-10"><button data-testid="user-login-trigger" type="button" class="cursor-pointer font-poppins text-2xs font-semibold opacity-100 flex items-center justify-center rounded-[25px] leading-none tracking-tightest focus-within:outline-0 focus:outline-0 lg:hover:bg-gray-175 lg:p-3" data-rac=""><span class="hidden lg:block">Sign in / Sign up for free</span><img class="block lg:hidden" src="data:image/svg+xml,%3csvg%20viewBox='0%200%2048%2048'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1600_10292)'%3e%3ccircle%20cx='24'%20cy='22'%20r='4.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3ccircle%20cx='24'%20cy='40'%20r='11.25'%20stroke='%232B2B2B'%20stroke-width='1.5'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1600_10292'%3e%3crect%20width='20'%20height='15'%20fill='white'%20transform='translate(14%2017)'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="48" height="48" alt="my-account"/></button></div><div class="absolute right-0 z-[10000]"></div></div></div><div class="hidden lg:block"><a rel="noopener" class="group inline-flex h-[37px] cursor-pointer items-center justify-center rounded-full bg-orange-300 px-6 font-poppins font-semibold tracking-tightest md:text-white visited:text-white text-2xs" data-testid="subscribe-trigger" href="https://subscribe.sph.com.sg/btpe-mthlyprepaid/?utm_campaign=btp99&utm_medium=sph-publication&utm_source=bt&utm_content=subscribebutton-header" target="_blank"><span class="opacity-100 duration-300 lg:group-hover:opacity-75">Subscribe</span></a></div></div></div></div></header><div class="block pt-1 text-center lg:hidden"><a rel="noopener" class="group inline-flex h-[37px] cursor-pointer items-center justify-center rounded-full px-6 font-poppins tracking-tightest md:text-white visited:text-white text-2xs bg-transparent !text-orange-300 visited:!text-orange-300 font-normal" data-testid="subscribe-trigger" href="https://subscribe.sph.com.sg/btpe-mthlyprepaid/?utm_campaign=btp99&utm_medium=sph-publication&utm_source=bt&utm_content=subscribebutton-header" target="_blank"><span class="opacity-100 duration-300 lg:group-hover:opacity-75">Subscribe from S$9.90/month</span><span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="arrow-right" class="svg-inline--fa fa-arrow-right fa-sm inline-block pl-2" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512"><path fill="currentColor" d="M438.6 278.6c12.5-12.5 12.5-32.8 0-45.3l-160-160c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3L338.8 224 32 224c-17.7 0-32 14.3-32 32s14.3 32 32 32l306.7 0L233.4 393.4c-12.5 12.5-12.5 32.8 0 45.3s32.8 12.5 45.3 0l160-160z"></path></svg></span></a></div><div class="fixed bottom-24 right-4 z-[99999] px-3 lg:px-0" data-testid="pulse-entry-component"><div data-testid="pulse-entry-tooltip-component"></div><div data-testid="pulse-entry-button-component"></div></div><div></div><div id="article-content-wrapper" class="w-full"><div class="fixed left-1/2 top-[50px] z-[10000] w-full -translate-x-1/2 bg-white"><div class="h-[0.125rem] w-0 bg-gray-850 transition-all duration-150"></div></div><article class="display-type--mainNewsDefault w-full py-5 font-public-sans" data-index="0" data-cueid="5127872" data-url-path="/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says"><div><div><div data-component="component-container" class="container px-3 md:pt-4"><div data-component="component-container" class="container px-0 mx-auto md:px-3 w-full md:w-10/12 lg:w-8/12 mb-4"><h1 data-testid="article-title" class="mb-2 font-lct text-4xl font-bold !leading-[1.3] tracking-[-0.045rem] text-gray-850 md:px-6 md:text-10xl">Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says</h1><p class="mb-6 mt-2 font-lucida text-xl tracking-[-0.075rem] text-gray-850 md:px-6 md:text-4xl md:leading-normal">Its analyst says offer represents a fair exit price for shareholders to realise their investment and reinvest into other undervalued counters</p><div class="mb-6 md:px-6 min-h-[50px] text-gray-850 mt-4 space-y-4 md:flex md:flex-wrap md:space-y-0" data-testid="article-authors-list-component"><div class="flex flex-row items-start justify-start gap-2" data-testid="byline-component"><div class="flex flex-shrink-0 flex-row items-center justify-start"><img class="rounded-full" src="https://cassette.sphdigital.com.sg/image/businesstimes/2aea6a152ccce975270cc4c401f719cf88ae54ab851c711a02551d72179043eb" alt="Therese Soh" width="50" height="50"/></div><div class="flex flex-col flex-wrap pl-2"><div class="flex flex-wrap gap-x-1.5"><h4 class="align-middle font-poppins font-semibold text-gray-850 word-break text-base" data-testid="byline-name-component"><a class="!text-gray-850 hover:underline" href="/authors/therese-soh1" target="_blank">Therese Soh<!-- --> </a></h4></div><div class="font-public-sans text-xs font-normal leading-6 text-gray-650"><span data-testid="article-published-time">Published <!-- -->Tue, Oct 15, 2024 · 01:47 PM</span></div></div></div></div><div class="mb-3 flex items-center justify-between border-b border-t border-gray-250 py-3 md:mx-6 md:mb-6 md:py-4"><div data-testid="article-keyword-filter-first" class="w-full"><div data-testid="article-top-keyword" class="p-3 inline-block w-full bg-transparent !p-0 relative"><div class="group relative"><div class="flex items-center"><a class="line-clamp-1 place-self-center break-all text-center font-poppins text-base font-semibold capitalize !text-gray-850 border-r-0 px-0 md:px-3" href="/keywords/brokers-take">Brokers' Take</a><button data-size="md" type="button" aria-label="Follow tag" class="ml-auto flex aspect-square cursor-pointer items-center justify-center whitespace-nowrap rounded-full !border !border-solid !border-gray-175 px-3 text-center !font-poppins text-xs font-semibold tracking-[0.02em] text-gray-850 !outline-none transition-all duration-150 focus-within:outline-none hover:!border-gray-850 focus:outline-none data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] md:aspect-auto md:px-6" data-rac=""><div class="md:min-w-16"><p class="m-0 hidden md:block">Follow</p><div class="flex items-center md:hidden"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="plus" class="svg-inline--fa fa-plus fa-sm " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512" color="text-gray-850"><path fill="currentColor" d="M256 80c0-17.7-14.3-32-32-32s-32 14.3-32 32V224H48c-17.7 0-32 14.3-32 32s14.3 32 32 32H192V432c0 17.7 14.3 32 32 32s32-14.3 32-32V288H400c17.7 0 32-14.3 32-32s-14.3-32-32-32H256V80z"></path></svg></div></div></button></div></div></div></div></div><div class="aspect-3x2 -mx-3 md:mx-0" data-testid="article-main-image-component"><div class="splide"><ul class="splide__pagination flex lg:hidden"></ul><div class="splide__arrows absolute bottom-1/2 hidden w-full gap-2 lg:flex"><button class="splide__arrow splide__arrow--prev flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 md:-ml-[2.75rem] min-[1040px]:-left-4 left-0 bg-white aspect-square w-auto" data-size="sm"><div class="flex h-full w-full items-center justify-center"><img src="data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2016%2016'%20fill='%232b2b2b'%3e%3cpath%20d='M11.354%201.646a.5.5%200%200%201%200%20.708L5.707%208l5.647%205.646a.5.5%200%200%201-.708.708l-6-6a.5.5%200%200%201%200-.708l6-6a.5.5%200%200%201%20.708%200z'/%3e%3c/svg%3e" width="18" height="18"/></div></button><button class="splide__arrow splide__arrow--next flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 md:-mr-[2.75rem] min-[1040px]:-right-4 right-0 bg-white aspect-square w-auto" data-size="sm"><div class="flex h-full w-full items-center justify-center"><img src="data:image/svg+xml,%3csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2016%2016'%20fill='%232b2b2b'%3e%3cpath%20d='M4.646%201.646a.5.5%200%200%201%20.708%200l6%206a.5.5%200%200%201%200%20.708l-6%206a.5.5%200%200%201-.708-.708L10.293%208%204.646%202.354a.5.5%200%200%201%200-.708z'/%3e%3c/svg%3e" width="18" height="18"/></div></button></div><div class="splide__track"><ul class="splide__list"><li class="splide__slide"><div class="relative h-full"><div class="mx-auto aspect-3x2 w-full max-w-[1400px] bg-gray-250"></div></div></li></ul></div></div><div class="splide"><div class="splide__track"><ul class="splide__list"><li class="splide__slide"><div><div class="py-2 px-3 font-poppins text-xs text-gray-850 md:px-8">Hanwha's revised offer price of S$0.67 per share, announced on Monday (Oct 14), comes after an earlier voluntary conditional cash offer it made on Sep 11 to take management control of Dyna-Mac at S$0.60 per share. PHOTO: BT FILE </div></div></li></ul></div></div></div><div></div><div class="body-content tracking-tighter mb-6 mt-4 font-lucida text-lg font-medium leading-normal tracking-[-0.05625rem] text-gray-850 antialiased md:px-8 md:text-xl" data-testid="article-paragraphs-component"><div class="relative mb-4 md:mb-6"><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor <!-- -->Dyna-Mac<!-- --> accept the <a href="https://www.businesstimes.com.sg/companies-markets/hanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share" target="_blank" rel="noopener noreferrer nofollow">revised S$0.67 a share offer</a> from South Korean company Hanwha.</p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The revised offer comes after Hanwha on Sep 11 made a <a href="https://www.businesstimes.com.sg/companies-markets/hanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share" target="_blank" rel="noopener noreferrer nofollow">voluntary conditional cash offer</a> to take management control of Dyna-Mac at S$0.60 per share. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Hanwha on Monday (Oct 14) said that the revised offer is final, and that it does not intend to revise the improved price but “reserves the right to do so in a competitive situation”.</p><div class="my-8 md:my-12 w-screen bg-gray-125 transition-all duration-300 border-gray-175 min-h-0 border-y-0 bg-none py-0" style="max-width:0px;margin-left:calc(-1*(0px - 100%) / 2 );height:0;margin-bottom:0"><div data-component="component-container" class="container px-3 sticky top-[120px]"><div class="relative mx-auto w-full md:w-10/12 md:px-8 lg:w-8/12"><div id="dfp-ad-imu1" class="ad-placeholder flex flex-col items-center justify-center" data-testid="dfp-ad-imu1" data-ad-type="imu1" data-ad-index="0" data-ad-article-id="5127872" data-ad-article-tags="brokers' take,brokerages,dyna-mac" data-ad-gs-channels=""></div></div></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">In a Monday report, Maybank Securities analyst Jarick Seet said the S$0.67 a share offer price represents a fair exit price “for shareholders to realise their investment and reinvest into other undervalued counters”. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Noting that the offer price exceeds Maybank Securities’ S$0.64 target price, Seet said: “We think that the offer is fair and shareholders should accept the offer even though we are currently in a floating production storage and offloading upcycle.”</p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The revised offer price of S$0.67 a share exceeds the counter’s previous closing prices over the past 10 years. </p><div class="py-10 md:-mx-8"><div class="mb-6 border border-gray-175 p-6 md:p-8"><div class="" data-component="generic-newsletter"><h5 class="mb-6 border-b border-gray-850 pb-2 !font-poppins text-base font-semibold uppercase leading-normal tracking-5% text-gray-850 md:text-lg">BT in your inbox</h5><div class="flex py-3 md:px-10 md:py-6"><img alt="Newsletter Img" class="hidden h-auto max-w-full self-start min-[321px]:block" width="75" height="75" src="/assets-web2/generic_newsletter-CGny2zps.png"/><div class="min-[321px]:pl-4 md:pl-6"><p role="description" class="mb-3 font-public-sans text-base font-light tracking-normal text-gray-850 md:text-lg">Start and end each day with the latest news stories and analyses delivered straight to your inbox.</p><div class="relative hidden w-full md:block md:w-4/5 lg:w-7/10 xl:w-6/10"><div class="relative"><button data-size="md" type="button" class="!outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] w-full min-w-[155px] bg-transparent px-0 py-0 hover:bg-transparent md:max-w-[155px]" data-rac="">Sign Up</button></div></div></div></div><div class="relative block w-full md:hidden "><div class="relative"><button data-size="md" type="button" class="!outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] w-full min-w-[155px] bg-transparent px-0 py-0 hover:bg-transparent md:max-w-[155px]" data-rac="">Sign Up</button></div></div></div></div></div><div class="w-screen bg-gray-125 transition-all duration-300 border-gray-175 min-h-0 border-y-0 bg-none py-0" style="max-width:0px;margin-left:calc(-1*(0px - 100%) / 2 );height:0;margin-bottom:0"><div data-component="component-container" class="container px-3 sticky top-[120px]"><div class="relative mx-auto w-full md:w-10/12 md:px-8 lg:w-8/12"><div id="dfp-ad-midarticlespecial" class="ad-placeholder flex flex-col items-center justify-center" data-testid="dfp-ad-midarticlespecial" data-ad-type="midarticlespecial" data-ad-index="0" data-ad-article-id="5127872" data-ad-article-tags="brokers' take,brokerages,dyna-mac" data-ad-gs-channels=""></div></div></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">“Event-driven funds as well as institutional funds will likely take this chance to realise their gains and free up liquidity, as upside will be limited until Hanwha’s offer lapses,” Seet said.</p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Analysts had earlier <a href="https://www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say" target="_blank" rel="noopener noreferrer nofollow">recommended that Dyna-Mac shareholders think twice</a> about accepting Hanwha’s offer in September to purchase their shares at S$0.60 a share. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Maybank Securities had advised shareholders to wait for a better deal as the offer price was fair but on the lower end of the fair-value range. </p><div class="mb-6 mt-8 border border-gray-175 p-6 md:-mx-8 md:mt-0 md:p-8" data-testid="article-read-more"><div><div class="mb-6 border-b border-gray-850 pb-2 !font-poppins text-base font-semibold leading-normal tracking-5% text-gray-850 md:text-lg">SEE ALSO</div><div data-testid="section-article-read-more"><div class="mb-6" data-testid="article-read-more-items"><div data-testid="basic-card" data-cueid="4716588" class="relative flex flex-wrap items-start gap-4"><div class="relative flex order-1 flex-shrink-0 w-[70px] lg:w-[90px]"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/brokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/7b29e1f8b34a1dbfe8f3d945bb5063910579ae0e48d474ce61794a0bf593c19f?w=180&h=120&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/7b29e1f8b34a1dbfe8f3d945bb5063910579ae0e48d474ce61794a0bf593c19f?w=140&h=100&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/7b29e1f8b34a1dbfe8f3d945bb5063910579ae0e48d474ce61794a0bf593c19f?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/7b29e1f8b34a1dbfe8f3d945bb5063910579ae0e48d474ce61794a0bf593c19f?q=20&w=3&h=2&f=webp" loading="lazy" alt="Maybank Securities is recommending Dyna-Mac shareholders “wait and see” for a potentially better deal, while OCBC Investment Research said shareholders should reject the offer. " class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-full-120px lg:w-2/3 order-2 text-white"><h3 class="_title_d4ajx_12 !text-base my-0 leading-[1.3rem] tracking-normal !font-lct" data-testid="title_link_4716588"><a class="inherit word-break hover:underline !text-gray-850" rel="noopener" title="Brokers’ take: Dyna-Mac shareholders should wait for better offer, analysts say" href="/companies-markets/brokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say" target="_blank"><span class="inline-block hover:underline">Brokers’ take: Dyna-Mac shareholders should wait for better offer, analysts say</span></a></h3></div></div></div><div class="mb-6" data-testid="article-read-more-items"><div data-testid="basic-card" data-cueid="5117704" class="relative flex flex-wrap items-start gap-4"><div class="relative flex order-1 flex-shrink-0 w-[70px] lg:w-[90px]"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/hanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/a172df8666be2831eed6c93e85a299b25529dc7d971eb64d5ccb5c4783a60024?w=180&h=120&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/a172df8666be2831eed6c93e85a299b25529dc7d971eb64d5ccb5c4783a60024?w=140&h=100&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/a172df8666be2831eed6c93e85a299b25529dc7d971eb64d5ccb5c4783a60024?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/a172df8666be2831eed6c93e85a299b25529dc7d971eb64d5ccb5c4783a60024?q=20&w=3&h=2&f=webp" loading="lazy" alt="Hanwha ups Dyna-Mac takeover offer to final price of S$0.67 per share" class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-full-120px lg:w-2/3 order-2 text-white"><h3 class="_title_d4ajx_12 !text-base my-0 leading-[1.3rem] tracking-normal !font-lct" data-testid="title_link_5117704"><a class="inherit word-break hover:underline !text-gray-850" rel="noopener" title="Hanwha ups Dyna-Mac takeover offer to final price of S$0.67 per share" href="/companies-markets/hanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share" target="_blank"><span class="inline-block hover:underline">Hanwha ups Dyna-Mac takeover offer to final price of S$0.67 per share</span></a></h3></div></div></div><div class="mb-6" data-testid="article-read-more-items"><div data-testid="basic-card" data-cueid="4697092" class="relative flex flex-wrap items-start gap-4"><div class="relative flex order-1 flex-shrink-0 w-[70px] lg:w-[90px]"><div class="flex items-center justify-center bg-gray-250 w-full"><div class="w-full" style="position:relative"><a rel="noopener" href="/companies-markets/hanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share" target="_blank"><picture><source media="(min-width: 992px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/e5e0c1f900f5f8cf7e2b6cd14d08489a06a4c9ef33ccc5b7fb5f28329ecf9d30?w=180&h=120&dpr=1&f=webp 1x"/><source media="(min-width: 768px)" srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/e5e0c1f900f5f8cf7e2b6cd14d08489a06a4c9ef33ccc5b7fb5f28329ecf9d30?w=140&h=100&dpr=1&f=webp 1x"/><source srcSet="https://cassette.sphdigital.com.sg/image/businesstimes/e5e0c1f900f5f8cf7e2b6cd14d08489a06a4c9ef33ccc5b7fb5f28329ecf9d30?w=300&h=200&dpr=1&f=webp 1x"/><img src="https://cassette.sphdigital.com.sg/image/businesstimes/e5e0c1f900f5f8cf7e2b6cd14d08489a06a4c9ef33ccc5b7fb5f28329ecf9d30?q=20&w=3&h=2&f=webp" loading="lazy" alt="The offeror intends to take control of the management of Dyna-Mac through the voluntary conditional cash offer." class="w-full aspect-3x2"/></picture></a></div></div></div><div class="flex flex-grow flex-col w-full-120px lg:w-2/3 order-2 text-white"><h3 class="_title_d4ajx_12 !text-base my-0 leading-[1.3rem] tracking-normal !font-lct" data-testid="title_link_4697092"><a class="inherit word-break hover:underline !text-gray-850" rel="noopener" title="Hanwha launches voluntary conditional cash offer for Dyna-Mac at S$0.60 a share" href="/companies-markets/hanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share" target="_blank"><span class="inline-block hover:underline">Hanwha launches voluntary conditional cash offer for Dyna-Mac at S$0.60 a share</span></a></h3></div></div></div></div></div></div><div class="my-8 md:my-12 w-screen bg-gray-125 transition-all duration-300 border-gray-175 min-h-0 border-y-0 bg-none py-0" style="max-width:0px;margin-left:calc(-1*(0px - 100%) / 2 );height:0;margin-bottom:0"><div data-component="component-container" class="container px-3 sticky top-[120px]"><div class="mx-auto w-full md:w-10/12 md:px-8 lg:w-8/12"><div id="dfp-ad-imu2" class="ad-placeholder flex flex-col items-center justify-center" data-testid="dfp-ad-imu2" data-ad-type="imu2" data-ad-index="0" data-ad-article-id="5127872" data-ad-article-tags="brokers' take,brokerages,dyna-mac" data-ad-gs-channels=""></div></div></div></div><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">OCBC Investment Research had said that shareholders should reject the offer. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">Hanwha said it has raised its offer price after considering Dyna-Mac’s value and growth prospects, financial performance, net cash position and order book, and the potential benefits of its recent Exterran Offshore acquisition. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The revised offer price represents a premium of 584.4 per cent over the company’s net asset value of S$0.0979 as at Jun 30. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The offer is a “final opportunity for shareholders to immediately realise attractive returns at compelling premiums” over the volume-weighted average price for the one-month, three-month, six-month and 12-month periods, respectively, up to and including Sep 10 when the counter was last traded, Hanwha added. </p><p class="mb-4 md:mb-6 leading-8 -tracking-5%" data-story-element="paragraph" data-testid="paragraph-component">The closing date of the offer was extended to 5.30 pm on Nov 6. </p></div><div class="mb-6 border-t border-gray-175"><section class="mx-auto my-4 w-full" data-testid="article-purchase-link-component"><section class="mx-auto flex w-full flex-wrap items-center justify-between gap-4 lg:gap-0 lg:px-3" data-testid="article-purchase-link-version-2-component"><p class="mb-0 font-public-sans text-xs tracking-normal">Copyright SPH Media. All rights reserved.</p><div class="flex flex-wrap"><a class="!outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] w-fit-content mb-4 mr-4 px-6 !text-gray-850 !no-underline xs:mb-0" href="https://newspost.newslink.sg/?publication=BT&title=Brokers%E2%80%99%20take%3A%20Dyna-Mac%20shareholders%20should%20accept%20Hanwha%E2%80%99s%20S%240.67%20a%20share%20offer%2C%20Maybank%20says&date=2024-10-15T05%3A47%3A08.000Z" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" data-testid="link-button-purchase-article" data-size="md">Reuse this content</a><a class="!outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] w-fit-content px-6 !text-gray-850 !no-underline" href="https://subscribe.sph.com.sg/contact-us/" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" data-testid="link-button-contact-us" data-size="md">Feedback</a></div></section></section></div><div class="mb-6 w-screen bg-gray-125 transition-all duration-300 border-gray-175 min-h-0 border-y-0 bg-none py-0" style="max-width:0px;margin-left:calc(-1*(0px - 100%) / 2 );height:0" data-testid="dynamic-imu-component"><div data-component="component-container" class="container px-3 sticky top-[120px]"><div class="relative mx-auto w-full md:w-10/12 md:px-8 lg:w-8/12"><div id="dfp-ad-imu3" class="ad-placeholder flex flex-col items-center justify-center" data-testid="dfp-ad-imu3" data-ad-type="imu3" data-ad-index="0" data-ad-article-id="5127872" data-ad-article-tags="brokers' take,brokerages,dyna-mac"></div></div></div></div></div><div></div></div><div data-component="component-container" class="container px-3 flex md:gap-6 lg:flex-row flex-col-reverse"><section class="my-5"><h2 class="border-t-2 border-gray-850 pt-3 font-poppins text-lg font-semibold uppercase tracking-[0.05625rem]"><a class="!text-gray-850" href="/companies-markets">more in <!-- -->Companies & Markets</a></h2><ul data-testid="stories-from-same-section" class="grid lg:grid-cols-2"><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:border-r lg:pr-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/companies-markets/bain-capital-ends-acquisition-battle-kkr-fuji-soft">Bain Capital ends acquisition battle with KKR for Fuji Soft</a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 02:18 PM</p></div></li><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:pl-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/international/ecb-watchers-are-now-forecasting-even-lower-rates-2026">ECB watchers are now forecasting even lower rates for 2026</a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 02:02 PM</p></div></li><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:border-r lg:pr-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/international/global/evergrande-hna-units-ordered-liquidate-hong-kong-judge">Evergrande, HNA units ordered to liquidate by Hong Kong judge</a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 01:34 PM</p></div></li><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:pl-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/companies-markets/singapores-subdued-ipo-scene-set-rebound-2025-analysts">Singapore’s subdued IPO scene set for a rebound in 2025: analysts</a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 01:30 PM</p></div></li><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:border-r lg:pr-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/companies-markets/transport-logistics/shipping-giants-urge-watchdog-avoid-biofuels-clean-push">Shipping giants urge watchdog to avoid biofuels in clean-up push</a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 12:45 PM</p></div></li><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:pl-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/international/asean/indonesias-ina-japans-dbj-launch-hybrid-fund-mid-sized-businesses">Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses</a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 12:23 PM</p></div></li><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:border-r lg:pr-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/companies-markets/mbs-gets-record-s12-billion-loan-dbs-ocbc-uob-maybank-coordinating-facility">MBS gets record S$12 billion loan; DBS, OCBC, UOB, Maybank coordinating facility</a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 12:01 PM</p></div></li><li class="h-full border-b border-gray-175 py-3"><div class="mb-2 mt-1 flex h-full flex-grow flex-col border-gray-175 py-3 pb-2 lg:pl-3"><h2 class="font-lct text-base font-bold"><a class="block !text-gray-850" href="/companies-markets/australian-unit-comfortdelgro-probes-media-allegations-wrongful-conduct">Australian unit of ComfortDelGro probes media allegations of wrongful conduct </a></h2><p class="mb-0 mt-auto font-poppins text-4xs uppercase text-gray-550">Feb 17, 2025 09:41 AM</p></div></li></ul></section><div class="mx-auto mb-6 lg:min-w-[300px] lg:max-w-[300px]"></div></div><div class="OUTBRAIN" data-src="www.businesstimes.com.sg/companies-markets/brokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says" data-widget-id="AR_4" data-ob-template="BusinessTimes" data-testid="outbrain-widget-component"></div></div></div></div></article><div></div></div><div aria-roledescription="article-subshare-prompt-observer"></div><div id="dfp-ad-catfish" class="ad-placeholder" data-testid="dfp-ad-catfish" data-ad-type="catfish" data-ad-index="0"></div><div id="dfp-ad-abm" class="ad-placeholder" data-testid="dfp-ad-abm" data-ad-type="abm" data-ad-index="0"></div><div id="dfp-ad-prestitial" class="ad-placeholder" data-testid="dfp-ad-prestitial" data-ad-type="prestitial" data-ad-index="0"></div></div></div></main><div data-testid="footer-container" id="footer-container" class="antialiased"><div data-component="component-container" class="container px-3 pt-0 pb-10 lg:pb-8"><div class="flex items-center justify-between border-t-2 border-gray-850 pb-5 pt-6 lg:pb-8"><div class="px-0 !py-0 max-w-[300px] lg:max-w-[360px] py-4 lg:py-0"><a title="The Business Times" href="/?ref=logo"><img src="/assets-web2/logo-masthead-PNobukBu.svg" alt="The Business Times" width="360" height="31"/></a></div><div class="hidden lg:block"><div class="mx-auto flex max-w-[300px] flex-wrap justify-center gap-3 sm:max-w-full lg:gap-2"><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://t.me/BizTimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="telegram" data-testid="link-button-telegram" aria-label="telegram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20fill-rule='evenodd'%20clip-rule='evenodd'%20d='M2.30615%2010.7785C7.40641%208.55638%2010.8074%207.09144%2012.5091%206.38365C17.3677%204.36276%2018.3773%204.01172%2019.0354%204.00012C19.1801%203.99757%2019.5037%204.03344%2019.7133%204.20353C19.8903%204.34715%2019.939%204.54116%2019.9623%204.67733C19.9856%204.8135%2020.0146%205.12369%2019.9916%205.36606C19.7283%208.1325%2018.589%2014.8459%2018.0094%2017.9444C17.7642%2019.2554%2017.2813%2019.695%2016.8138%2019.7381C15.7978%2019.8315%2015.0263%2019.0666%2014.0422%2018.4216C12.5024%2017.4122%2011.6325%2016.7839%2010.1378%2015.7989C8.4105%2014.6606%209.53027%2014.035%2010.5147%2013.0125C10.7723%2012.7449%2015.2488%208.67325%2015.3354%208.30388C15.3463%208.25768%2015.3563%208.08549%2015.254%207.99456C15.1517%207.90364%2015.0007%207.93473%2014.8918%207.95946C14.7373%207.99451%2012.2775%209.62041%207.51212%2012.8371C6.81389%2013.3166%206.18145%2013.5502%205.61481%2013.538C4.99014%2013.5245%203.78851%2013.1848%202.89523%2012.8944C1.79958%2012.5382%200.928776%2012.3499%201.0046%2011.7451C1.0441%2011.43%201.47795%2011.1078%202.30615%2010.7785Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Telegram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://wa.me/?text=THE%20BUSINESS%20TIMES%20-%20Get%20the%20Latest%20Business%20%26%20Financial%20News%20%0D%0Ahttps%3A%2F%2Fwww.businesstimes.com.sg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="whatsapp" data-testid="link-button-whatsapp" aria-label="whatsapp" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M19.0854%204.91005C18.164%203.98398%2017.0665%203.24972%2015.8569%202.75011C14.6473%202.25049%2013.3499%201.99552%2012.0402%202.00006C6.55276%202.00006%202.0804%206.45005%202.0804%2011.91C2.0804%2013.66%202.54271%2015.36%203.40704%2016.86L2%2022L7.27638%2020.62C8.73367%2021.41%2010.3719%2021.83%2012.0402%2021.83C17.5276%2021.83%2022%2017.38%2022%2011.92C22%209.27004%2020.9648%206.78005%2019.0854%204.91005ZM12.0402%2020.15C10.5528%2020.15%209.09548%2019.75%207.81909%2019L7.51759%2018.82L4.38191%2019.64L5.21608%2016.6L5.01508%2016.29C4.18869%2014.977%203.74989%2013.4593%203.74874%2011.91C3.74874%207.37004%207.46734%203.67005%2012.0301%203.67005C14.2412%203.67005%2016.3216%204.53005%2017.8794%206.09005C18.6507%206.85401%2019.262%207.7627%2019.6778%208.76346C20.0936%209.76422%2020.3056%2010.8371%2020.3015%2011.92C20.3216%2016.46%2016.603%2020.15%2012.0402%2020.15ZM16.5829%2013.99C16.3317%2013.87%2015.1055%2013.27%2014.8844%2013.18C14.6533%2013.1%2014.4925%2013.06%2014.3216%2013.3C14.1508%2013.55%2013.6784%2014.11%2013.5377%2014.27C13.397%2014.44%2013.2462%2014.46%2012.995%2014.33C12.7437%2014.21%2011.9397%2013.94%2010.995%2013.1C10.2513%2012.44%209.75879%2011.63%209.60804%2011.38C9.46734%2011.13%209.58794%2011%209.71859%2010.87C9.82914%2010.76%209.96985%2010.58%2010.0905%2010.44C10.2111%2010.3%2010.2613%2010.19%2010.3417%2010.03C10.4221%209.86004%2010.3819%209.72004%2010.3216%209.60004C10.2613%209.48004%209.75879%208.26004%209.55779%207.76004C9.35678%207.28004%209.14573%207.34004%208.99497%207.33004H8.51256C8.34171%207.33004%208.0804%207.39004%207.84925%207.64004C7.62814%207.89004%206.98492%208.49004%206.98492%209.71004C6.98492%2010.93%207.8794%2012.11%208%2012.27C8.1206%2012.44%209.75879%2014.94%2012.2513%2016.01C12.8442%2016.27%2013.3065%2016.42%2013.6683%2016.53C14.2613%2016.72%2014.804%2016.69%2015.2362%2016.63C15.7186%2016.56%2016.7136%2016.03%2016.9146%2015.45C17.1256%2014.87%2017.1256%2014.38%2017.0553%2014.27C16.9849%2014.16%2016.8342%2014.11%2016.5829%2013.99Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="icon"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.instagram.com/businesstimessg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="instagram" data-testid="link-button-instagram" aria-label="instagram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1157_680)'%3e%3cpath%20d='M7.8%202H16.2C19.4%202%2022%204.6%2022%207.8V16.2C22%2017.7383%2021.3889%2019.2135%2020.3012%2020.3012C19.2135%2021.3889%2017.7383%2022%2016.2%2022H7.8C4.6%2022%202%2019.4%202%2016.2V7.8C2%206.26174%202.61107%204.78649%203.69878%203.69878C4.78649%202.61107%206.26174%202%207.8%202ZM7.6%204C6.64522%204%205.72955%204.37928%205.05442%205.05442C4.37928%205.72955%204%206.64522%204%207.6V16.4C4%2018.39%205.61%2020%207.6%2020H16.4C17.3548%2020%2018.2705%2019.6207%2018.9456%2018.9456C19.6207%2018.2705%2020%2017.3548%2020%2016.4V7.6C20%205.61%2018.39%204%2016.4%204H7.6ZM17.25%205.5C17.5815%205.5%2017.8995%205.6317%2018.1339%205.86612C18.3683%206.10054%2018.5%206.41848%2018.5%206.75C18.5%207.08152%2018.3683%207.39946%2018.1339%207.63388C17.8995%207.8683%2017.5815%208%2017.25%208C16.9185%208%2016.6005%207.8683%2016.3661%207.63388C16.1317%207.39946%2016%207.08152%2016%206.75C16%206.41848%2016.1317%206.10054%2016.3661%205.86612C16.6005%205.6317%2016.9185%205.5%2017.25%205.5ZM12%207C13.3261%207%2014.5979%207.52678%2015.5355%208.46447C16.4732%209.40215%2017%2010.6739%2017%2012C17%2013.3261%2016.4732%2014.5979%2015.5355%2015.5355C14.5979%2016.4732%2013.3261%2017%2012%2017C10.6739%2017%209.40215%2016.4732%208.46447%2015.5355C7.52678%2014.5979%207%2013.3261%207%2012C7%2010.6739%207.52678%209.40215%208.46447%208.46447C9.40215%207.52678%2010.6739%207%2012%207ZM12%209C11.2044%209%2010.4413%209.31607%209.87868%209.87868C9.31607%2010.4413%209%2011.2044%209%2012C9%2012.7956%209.31607%2013.5587%209.87868%2014.1213C10.4413%2014.6839%2011.2044%2015%2012%2015C12.7956%2015%2013.5587%2014.6839%2014.1213%2014.1213C14.6839%2013.5587%2015%2012.7956%2015%2012C15%2011.2044%2014.6839%2010.4413%2014.1213%209.87868C13.5587%209.31607%2012.7956%209%2012%209Z'%20fill='%232B2B2B'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1157_680'%3e%3crect%20width='24'%20height='24'%20fill='white'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="24" height="24" alt="Share on Instagram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.facebook.com/thebusinesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="facebook" data-testid="link-button-facebook" aria-label="facebook" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M13.3333%209.33333V7.74583C13.3333%207.02917%2013.4917%206.66667%2014.6042%206.66667H16V4H13.6708C10.8167%204%209.875%205.30833%209.875%207.55417V9.33333H8V12H9.875V20H13.3333V12H15.6833L16%209.33333H13.3333Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Facebook"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://twitter.com/businesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="twitter" data-testid="link-button-twitter" aria-label="twitter" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M16.3134%205.2207H18.6135L13.5884%2010.964L19.5%2018.7793H14.8706L11.2452%2014.0394L7.097%2018.7793H4.79551L10.1703%2012.6362L4.5%205.2207H9.24551L12.5225%209.5532L16.3134%205.2207ZM15.5061%2017.4026H16.7806L8.55368%206.52511H7.186L15.5061%2017.4026Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Twitter"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.linkedin.com/showcase/the-business-times" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="linkedin" data-testid="link-button-linkedin" aria-label="linkedin" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M5.37194%209.72833H8.28677V18.5H5.37194V9.72833ZM6.84886%205.5C5.85124%205.5%205.19946%206.15495%205.19946%207.01459C5.19946%207.85655%205.83216%208.53054%206.81072%208.53054H6.8293C7.846%208.53054%208.47916%207.85652%208.47916%207.01459C8.46008%206.15495%207.84604%205.5%206.84886%205.5ZM15.4435%209.52227C13.8963%209.52227%2013.2031%2010.3733%2012.8164%2010.9701V9.72833H9.90071C9.93931%2010.5512%209.90071%2018.5%209.90071%2018.5H12.8164V13.6013C12.8164%2013.3389%2012.8355%2013.0775%2012.9122%2012.8896C13.1233%2012.3658%2013.603%2011.8234%2014.4077%2011.8234C15.4635%2011.8234%2015.8851%2012.6282%2015.8851%2013.8068V18.5H18.8004V13.4701C18.8004%2010.7759%2017.3625%209.52227%2015.4435%209.52227Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Linkedin"/></a></div></div></div><div data-testid="footer-navigation-items" class="flex flex-col lg:flex-row lg:gap-6"><div class="flex flex-col lg:flex-row lg:gap-6"><div data-testid="footer-navigation-news" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-news" data-testid="side-drawer-navigation-news"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>News</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-breaking-news" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/breaking-news?ref=footer">Breaking News</a><a data-testid="footer-children-property" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/property?ref=footer">Property</a><a data-testid="footer-children-property-residential" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/property/residential?ref=footer">Residential</a><a data-testid="footer-children-property-commercial-industrial" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/property/commercial-industrial?ref=footer">Commercial & Industrial</a><a data-testid="footer-children-singapore" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/singapore?ref=footer">Singapore</a><a data-testid="footer-children-international" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/international?ref=footer">International</a><a data-testid="footer-children-startups-tech" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/startups-tech?ref=footer">Startups & Tech</a><a data-testid="footer-children-opinion-features" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/opinion-features?ref=footer">Opinion & Features</a><a data-testid="footer-children-esg" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/esg?ref=footer">ESG</a><a data-testid="footer-children-working-life" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/working-life?ref=footer">Working Life</a></div></div></div><div data-testid="footer-navigation-companies" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-companies" data-testid="side-drawer-navigation-companies"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Companies</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-companies-markets" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets?ref=footer">Companies & Markets</a><a data-testid="footer-children-companies-markets-banking-finance" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/banking-finance?ref=footer">Banking & Finance</a><a data-testid="footer-children-companies-markets-reits-property" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/reits-property?ref=footer">Reits & Property</a><a data-testid="footer-children-companies-markets-energy-commodities" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/energy-commodities?ref=footer">Energy & Commodities</a><a data-testid="footer-children-companies-markets-telcos-media-tech" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/telcos-media-tech?ref=footer">Telcos, Media & Tech</a><a data-testid="footer-children-companies-markets-transport-logistics" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/transport-logistics?ref=footer">Transport & Logistics</a><a data-testid="footer-children-companies-markets-consumer-healthcare" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/consumer-healthcare?ref=footer">Consumer & Healthcare</a><a data-testid="footer-children-companies-markets-capital-markets-currencies" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/companies-markets/capital-markets-currencies?ref=footer">Capital Markets & Currencies</a></div></div></div><div data-testid="footer-navigation-wealth" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-wealth" data-testid="side-drawer-navigation-wealth"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Wealth</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-wealth" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth?ref=footer">Wealth</a><a data-testid="footer-children-wealth-wealth-investing" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/wealth-investing?ref=footer">Wealth & Investing</a><a data-testid="footer-children-wealth-personal-finance" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/personal-finance?ref=footer">Personal Finance</a><a data-testid="footer-children-wealth-crypto-alternative-assets" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/crypto-alternative-assets?ref=footer">Crypto & Alternative Assets</a><a data-testid="footer-children-wealth-supplements" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/wealth/supplements?ref=footer">Supplements</a></div></div></div><div data-testid="footer-navigation-living" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-living" data-testid="side-drawer-navigation-living"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Living</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-lifestyle" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle?ref=footer">Lifestyle</a><a data-testid="footer-children-lifestyle-food-drink" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/food-drink?ref=footer">Food & Drink</a><a data-testid="footer-children-lifestyle-motoring" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/motoring?ref=footer">Motoring</a><a data-testid="footer-children-lifestyle-style-travel" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/style-travel?ref=footer">Style & Travel</a><a data-testid="footer-children-lifestyle-watches" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/watches?ref=footer">Watches</a><a data-testid="footer-children-lifestyle-arts-design" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/arts-design?ref=footer">Arts & Design</a><a data-testid="footer-children-lifestyle-bt-luxe" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/lifestyle/bt-luxe?ref=footer">BT Luxe</a></div></div></div><div data-testid="footer-navigation-more" class="border-b border-gray-175 pb-4 lg:flex-1 lg:border-0 lg:pb-0"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-more" data-testid="side-drawer-navigation-more"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>More</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-epaper" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="https://e-paper.sph.com.sg/bt?ref=footer" target="_blank">E-paper</a><a data-testid="footer-children-videos" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/videos?ref=footer">Videos</a><a data-testid="footer-children-newsletter" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/newsletter/sign-up?ref=footer">Newsletters</a><a data-testid="footer-children-podcasts" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/podcasts?ref=footer">Podcasts</a><a data-testid="footer-children-Personal Subscription" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="https://subscribe.sph.com.sg/promotions/bt-personal/?ref=footer">Personal Subscription</a><a data-testid="footer-children-Group Subscription" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="https://subscribe.sph.com.sg/corporate-plans/?ref=footer">Group Subscription</a><a data-testid="footer-children-paid-press-release" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/paid-press-release?ref=footer">Paid Press Release</a><a data-testid="footer-children-advertise" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/advertise?ref=footer">Advertise with Us</a><a data-testid="footer-children-events-awards" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/events-awards?ref=footer">Events & Awards</a></div></div></div></div><div class="border-gray-175 lg:border-l lg:pl-6"><div data-testid="footer-navigation-recommends" class="flex-1"><div class="_componentAccordion_3p6dv_1 text-gray-850 border-gray-175 hover:cursor-pointer" id="side-drawer-navigation-recommends" data-testid="side-drawer-navigation-recommends"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>bt recommends</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div><div class="_content_3p6dv_26 box-border overflow-hidden px-[24px] !bg-transparent !px-0 before:!h-0 after:!h-0" style="height:0"><a data-testid="footer-children-thrive" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/thrive?ref=footer">Thrive</a><a data-testid="footer-children-startups-tech-tech-in-asia" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/tech-in-asia?ref=footer">Tech in Asia</a><a data-testid="footer-children-international-asean" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/international/asean?ref=footer">Asean Business</a><a data-testid="footer-children-international-global" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/international/global?ref=footer">Global Enterprise</a><a data-testid="footer-children-singapore-smes" class="block py-3 font-poppins text-xs font-medium leading-tight hover:underline md:pb-0 md:pt-3" href="/singapore/smes?ref=footer">SGSME</a></div></div></div><div class="mt-6 border-t border-gray-175 pt-8 lg:pt-6"><div class="mx-auto block pb-10 text-center lg:hidden"><div class="mx-auto flex max-w-[300px] flex-wrap justify-center gap-3 sm:max-w-full lg:gap-2"><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://t.me/BizTimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="telegram" data-testid="link-button-telegram" aria-label="telegram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20fill-rule='evenodd'%20clip-rule='evenodd'%20d='M2.30615%2010.7785C7.40641%208.55638%2010.8074%207.09144%2012.5091%206.38365C17.3677%204.36276%2018.3773%204.01172%2019.0354%204.00012C19.1801%203.99757%2019.5037%204.03344%2019.7133%204.20353C19.8903%204.34715%2019.939%204.54116%2019.9623%204.67733C19.9856%204.8135%2020.0146%205.12369%2019.9916%205.36606C19.7283%208.1325%2018.589%2014.8459%2018.0094%2017.9444C17.7642%2019.2554%2017.2813%2019.695%2016.8138%2019.7381C15.7978%2019.8315%2015.0263%2019.0666%2014.0422%2018.4216C12.5024%2017.4122%2011.6325%2016.7839%2010.1378%2015.7989C8.4105%2014.6606%209.53027%2014.035%2010.5147%2013.0125C10.7723%2012.7449%2015.2488%208.67325%2015.3354%208.30388C15.3463%208.25768%2015.3563%208.08549%2015.254%207.99456C15.1517%207.90364%2015.0007%207.93473%2014.8918%207.95946C14.7373%207.99451%2012.2775%209.62041%207.51212%2012.8371C6.81389%2013.3166%206.18145%2013.5502%205.61481%2013.538C4.99014%2013.5245%203.78851%2013.1848%202.89523%2012.8944C1.79958%2012.5382%200.928776%2012.3499%201.0046%2011.7451C1.0441%2011.43%201.47795%2011.1078%202.30615%2010.7785Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Telegram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://wa.me/?text=THE%20BUSINESS%20TIMES%20-%20Get%20the%20Latest%20Business%20%26%20Financial%20News%20%0D%0Ahttps%3A%2F%2Fwww.businesstimes.com.sg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="whatsapp" data-testid="link-button-whatsapp" aria-label="whatsapp" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M19.0854%204.91005C18.164%203.98398%2017.0665%203.24972%2015.8569%202.75011C14.6473%202.25049%2013.3499%201.99552%2012.0402%202.00006C6.55276%202.00006%202.0804%206.45005%202.0804%2011.91C2.0804%2013.66%202.54271%2015.36%203.40704%2016.86L2%2022L7.27638%2020.62C8.73367%2021.41%2010.3719%2021.83%2012.0402%2021.83C17.5276%2021.83%2022%2017.38%2022%2011.92C22%209.27004%2020.9648%206.78005%2019.0854%204.91005ZM12.0402%2020.15C10.5528%2020.15%209.09548%2019.75%207.81909%2019L7.51759%2018.82L4.38191%2019.64L5.21608%2016.6L5.01508%2016.29C4.18869%2014.977%203.74989%2013.4593%203.74874%2011.91C3.74874%207.37004%207.46734%203.67005%2012.0301%203.67005C14.2412%203.67005%2016.3216%204.53005%2017.8794%206.09005C18.6507%206.85401%2019.262%207.7627%2019.6778%208.76346C20.0936%209.76422%2020.3056%2010.8371%2020.3015%2011.92C20.3216%2016.46%2016.603%2020.15%2012.0402%2020.15ZM16.5829%2013.99C16.3317%2013.87%2015.1055%2013.27%2014.8844%2013.18C14.6533%2013.1%2014.4925%2013.06%2014.3216%2013.3C14.1508%2013.55%2013.6784%2014.11%2013.5377%2014.27C13.397%2014.44%2013.2462%2014.46%2012.995%2014.33C12.7437%2014.21%2011.9397%2013.94%2010.995%2013.1C10.2513%2012.44%209.75879%2011.63%209.60804%2011.38C9.46734%2011.13%209.58794%2011%209.71859%2010.87C9.82914%2010.76%209.96985%2010.58%2010.0905%2010.44C10.2111%2010.3%2010.2613%2010.19%2010.3417%2010.03C10.4221%209.86004%2010.3819%209.72004%2010.3216%209.60004C10.2613%209.48004%209.75879%208.26004%209.55779%207.76004C9.35678%207.28004%209.14573%207.34004%208.99497%207.33004H8.51256C8.34171%207.33004%208.0804%207.39004%207.84925%207.64004C7.62814%207.89004%206.98492%208.49004%206.98492%209.71004C6.98492%2010.93%207.8794%2012.11%208%2012.27C8.1206%2012.44%209.75879%2014.94%2012.2513%2016.01C12.8442%2016.27%2013.3065%2016.42%2013.6683%2016.53C14.2613%2016.72%2014.804%2016.69%2015.2362%2016.63C15.7186%2016.56%2016.7136%2016.03%2016.9146%2015.45C17.1256%2014.87%2017.1256%2014.38%2017.0553%2014.27C16.9849%2014.16%2016.8342%2014.11%2016.5829%2013.99Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="icon"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.instagram.com/businesstimessg" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="instagram" data-testid="link-button-instagram" aria-label="instagram" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cg%20clip-path='url(%23clip0_1157_680)'%3e%3cpath%20d='M7.8%202H16.2C19.4%202%2022%204.6%2022%207.8V16.2C22%2017.7383%2021.3889%2019.2135%2020.3012%2020.3012C19.2135%2021.3889%2017.7383%2022%2016.2%2022H7.8C4.6%2022%202%2019.4%202%2016.2V7.8C2%206.26174%202.61107%204.78649%203.69878%203.69878C4.78649%202.61107%206.26174%202%207.8%202ZM7.6%204C6.64522%204%205.72955%204.37928%205.05442%205.05442C4.37928%205.72955%204%206.64522%204%207.6V16.4C4%2018.39%205.61%2020%207.6%2020H16.4C17.3548%2020%2018.2705%2019.6207%2018.9456%2018.9456C19.6207%2018.2705%2020%2017.3548%2020%2016.4V7.6C20%205.61%2018.39%204%2016.4%204H7.6ZM17.25%205.5C17.5815%205.5%2017.8995%205.6317%2018.1339%205.86612C18.3683%206.10054%2018.5%206.41848%2018.5%206.75C18.5%207.08152%2018.3683%207.39946%2018.1339%207.63388C17.8995%207.8683%2017.5815%208%2017.25%208C16.9185%208%2016.6005%207.8683%2016.3661%207.63388C16.1317%207.39946%2016%207.08152%2016%206.75C16%206.41848%2016.1317%206.10054%2016.3661%205.86612C16.6005%205.6317%2016.9185%205.5%2017.25%205.5ZM12%207C13.3261%207%2014.5979%207.52678%2015.5355%208.46447C16.4732%209.40215%2017%2010.6739%2017%2012C17%2013.3261%2016.4732%2014.5979%2015.5355%2015.5355C14.5979%2016.4732%2013.3261%2017%2012%2017C10.6739%2017%209.40215%2016.4732%208.46447%2015.5355C7.52678%2014.5979%207%2013.3261%207%2012C7%2010.6739%207.52678%209.40215%208.46447%208.46447C9.40215%207.52678%2010.6739%207%2012%207ZM12%209C11.2044%209%2010.4413%209.31607%209.87868%209.87868C9.31607%2010.4413%209%2011.2044%209%2012C9%2012.7956%209.31607%2013.5587%209.87868%2014.1213C10.4413%2014.6839%2011.2044%2015%2012%2015C12.7956%2015%2013.5587%2014.6839%2014.1213%2014.1213C14.6839%2013.5587%2015%2012.7956%2015%2012C15%2011.2044%2014.6839%2010.4413%2014.1213%209.87868C13.5587%209.31607%2012.7956%209%2012%209Z'%20fill='%232B2B2B'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_1157_680'%3e%3crect%20width='24'%20height='24'%20fill='white'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e" width="24" height="24" alt="Share on Instagram"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.facebook.com/thebusinesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="facebook" data-testid="link-button-facebook" aria-label="facebook" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M13.3333%209.33333V7.74583C13.3333%207.02917%2013.4917%206.66667%2014.6042%206.66667H16V4H13.6708C10.8167%204%209.875%205.30833%209.875%207.55417V9.33333H8V12H9.875V20H13.3333V12H15.6833L16%209.33333H13.3333Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Facebook"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://twitter.com/businesstimes" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="twitter" data-testid="link-button-twitter" aria-label="twitter" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M16.3134%205.2207H18.6135L13.5884%2010.964L19.5%2018.7793H14.8706L11.2452%2014.0394L7.097%2018.7793H4.79551L10.1703%2012.6362L4.5%205.2207H9.24551L12.5225%209.5532L16.3134%205.2207ZM15.5061%2017.4026H16.7806L8.55368%206.52511H7.186L15.5061%2017.4026Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Twitter"/></a><a class="aspect-square !outline-none focus-within:outline-none focus:outline-none outline-0 focus-within:outline-0 focus:outline-0 flex cursor-pointer items-center justify-center whitespace-nowrap rounded-full border border-solid border-gray-175 text-center !font-poppins text-gray-850 transition-all duration-150 hover:border-gray-850 data-[size=lg]:h-[68px] data-[size=md]:h-[42px] data-[size=sm]:h-[36px] data-[size=xs]:h-[24px] font-semibold text-xs tracking-[0.02em] !h-[60px] lg:!h-[36px]" href="https://www.linkedin.com/showcase/the-business-times" target="_blank" rel="noreferrer" referrerPolicy="strict-origin-when-cross-origin" title="linkedin" data-testid="link-button-linkedin" aria-label="linkedin" data-size="sm"><img src="data:image/svg+xml,%3csvg%20width='24'%20height='24'%20viewBox='0%200%2024%2024'%20fill='none'%20xmlns='http://www.w3.org/2000/svg'%3e%3cpath%20d='M5.37194%209.72833H8.28677V18.5H5.37194V9.72833ZM6.84886%205.5C5.85124%205.5%205.19946%206.15495%205.19946%207.01459C5.19946%207.85655%205.83216%208.53054%206.81072%208.53054H6.8293C7.846%208.53054%208.47916%207.85652%208.47916%207.01459C8.46008%206.15495%207.84604%205.5%206.84886%205.5ZM15.4435%209.52227C13.8963%209.52227%2013.2031%2010.3733%2012.8164%2010.9701V9.72833H9.90071C9.93931%2010.5512%209.90071%2018.5%209.90071%2018.5H12.8164V13.6013C12.8164%2013.3389%2012.8355%2013.0775%2012.9122%2012.8896C13.1233%2012.3658%2013.603%2011.8234%2014.4077%2011.8234C15.4635%2011.8234%2015.8851%2012.6282%2015.8851%2013.8068V18.5H18.8004V13.4701C18.8004%2010.7759%2017.3625%209.52227%2015.4435%209.52227Z'%20fill='%232B2B2B'/%3e%3c/svg%3e" width="24" height="24" alt="Share on Linkedin"/></a></div></div><div class="hidden lg:block"><div data-testid="footer-title-button" class="pt-4 lg:pt-0"><div class="flex items-center justify-between font-poppins text-xs font-semibold uppercase leading-tight tracking-[0.0875rem] text-black lg:cursor-default lg:leading-loose lg:text-gray-350"><span>Mobile</span><div class="flex h-[42px] w-[42px] items-center justify-center rounded-full border border-gray-175 hover:opacity-70 lg:hidden"><svg class="block h-[5px] w-[10px] transition-all duration-300 group-hover:fill-gray-850 lg:hidden -rotate-180" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 12 8" fill="none"><path d="M1 1.33398C5 5.33398 6 6.33398 6 6.33398L11 1.33398" stroke="black" stroke-width="1.5" stroke-linecap="round"></path></svg></div></div></div></div><div class="pt-3"><div class="flex flex-row justify-center gap-1 lg:flex-col"><a class="mr-5 lg:mr-1" rel=" noopener noreferrer" href="https://apps.apple.com/sg/app/the-business-times/id531275824" target="_blank"><img width="135" height="40" src="/assets-web2/icon-app-ios-D0cj50Hv.svg" alt="Download on the Apple Store"/></a><a rel="noreferrer noopener" href="https://play.google.com/store/apps/details?id=com.ps.bt&hl=en" target="_blank"><img width="135" height="40" src="/assets-web2/icon-app-google-pUYdZ-wS.svg" alt="Download on the Google Play Store"/></a></div></div></div></div></div></div><div data-component="component-container" class="container px-3"><div class="w-full border-t py-4"><ul class="flex flex-wrap justify-center gap-3 font-public-sans text-4xs text-gray-650 md:gap-5"><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="/content/about-us?ref=footer">about us</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="/content/contact-us?ref=footer">contact us</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="/help?ref=footer">help</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/sph_privacy/?ref=footer">privacy policy</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/website_tnc/?ref=footer">terms & conditions</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/cookie-policy/?ref=footer">cookie policy</a></li><li><a class="capitalize leading-[1.375rem] tracking-[0.00294rem] hover:underline" href="https://www.sph.com.sg/legal/pdpa/?ref=footer">data protection policy</a></li></ul><div class="py-4 text-center font-public-sans text-4xs leading-[1.375rem] tracking-[0.00294rem] text-gray-650"><p class="mb-0">MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.</p></div></div></div></div><div data-testid="cas-block-component" id="sph_cdp_76"></div><span data-testid="package-version-tag" class="hidden">2.14.6</span><span data-testid="page-generated-at-tag" class="hidden"></span><script>window.__staticRouterHydrationData = JSON.parse("{\"loaderData\":{\"1\":\"%7B%22type%22%3A0%2C%22statusCode%22%3A200%2C%22dependentPaths%22%3A%5B%22%22%2C%22%2F%22%2C%22%2Fbreaking-news%22%2C%22%2Fcompanies-markets%22%2C%22%2Fkeywords%2Fbrokers-take%22%2C%22%2Fkeywords%2Fbrokerages%22%2C%22%2Fkeywords%2Fdyna-mac%22%2C%22%2Fauthors%2Ftherese-soh1%22%5D%2C%22payload%22%3A%7B%22kind%22%3A%22art%22%2C%22data%22%3A%7B%22cook%22%3A%7B%22data%22%3A%7B%22context%22%3A%7B%22typeName%22%3A%22OnlineStory%22%2C%22id%22%3A%225127872%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbrokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbrokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says%22%2C%22urlPathHistory%22%3A%5B%5D%2C%22type%22%3A%22onlineStory%22%2C%22source%22%3A%22ece-auto-gen%22%2C%22sourceId%22%3A%22afdb9d27-5180-4d3f-8240-dc5749621cd0%22%2C%22created%22%3A%222024-10-15T05%3A06%3A09.000Z%22%2C%22updated%22%3A%222024-10-15T05%3A47%3A08.000Z%22%2C%22lastmodified%22%3A%222024-10-15T07%3A02%3A43.000Z%22%2C%22edited%22%3A%222024-10-15T05%3A47%3A08.000Z%22%2C%22expired%22%3Anull%2C%22scheduled%22%3Anull%2C%22title%22%3A%22Brokers%E2%80%99%20take%3A%20Dyna-Mac%20shareholders%20should%20accept%20Hanwha%E2%80%99s%20S%240.67%20a%20share%20offer%2C%20Maybank%20says%22%2C%22baseStory%22%3Anull%2C%22previewSourceId%22%3A%22%22%2C%22sections%22%3A%5B%7B%22name%22%3A%22Companies%20%26%20Markets%22%2C%22parent%22%3A%7B%22name%22%3A%22Home%22%2C%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%2C%22tags%22%3A%5B%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fbrokers-take-0%22%2C%22%2Fkeywords%2Fbrokers-take%22%2C%22%2Fkeywords%2Fbrokers-take-0%22%5D%2C%22name%22%3A%22Brokers'%20Take%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fbrokers-take-0%22%2C%22%2Fkeywords%2Fbrokers-take-0%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Abrokers-take%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%22852%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%226399%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%3Cp%3E%3Cbr%3E%3C%2Fp%3E%22%2C%22key%22%3A%22description%22%7D%2C%7B%22value%22%3A%221739410631%22%2C%22key%22%3A%22modifiedAt%22%7D%5D%2C%22uri%22%3A%22main%2Fbrokers-take%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fbrokers-take%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fbrokerages%22%5D%2C%22name%22%3A%22Brokerages%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fbrokerages%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Abrokerages%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%22851%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%2230382%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%5D%2C%22uri%22%3A%22main%2Fbrokerages%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fbrokerages%22%2C%22sections%22%3A%5B%5D%7D%2C%7B%22parent%22%3Anull%2C%22aliases%22%3A%5B%22%2Fdyna-mac%22%2C%22%2Fkeywords%2Fdyna-mac%22%5D%2C%22name%22%3A%22dyna-mac%22%2C%22urlPathHistory%22%3A%5B%22%2Fkeywords%2Fdyna-mac%22%5D%2C%22id%22%3A%22tag%3Abusinesstimes-keywords%40sph.com.sg%2C2022%3Adyna-mac%22%2C%22type%22%3A%22keyword%22%2C%22fields%22%3A%5B%7B%22value%22%3A%221115%22%2C%22key%22%3A%22id%22%7D%2C%7B%22value%22%3A%22bt-drupal-node%22%2C%22key%22%3A%22source%22%7D%2C%7B%22value%22%3A%2212035%22%2C%22key%22%3A%22sourceid%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22description%22%7D%2C%7B%22value%22%3A%22Get%20the%20latest%20Dyna-Mac%20(NO4)%20financial%20insights%20and%20stock%20quotes.%20Discover%20historical%20data%2C%20news%2C%20commentaries%2C%20and%20key%20statistics%20to%20enhance%20your%20trading%20and%20investment%20decisions.%22%2C%22key%22%3A%22metaDescription%22%7D%2C%7B%22value%22%3A%22Dyna-Mac%20(NO4)%20Latest%20News%2C%20Share%20Prices%2C%20Company%20Updates%20-%20The%20Business%20Times%22%2C%22key%22%3A%22metaTitle%22%7D%2C%7B%22value%22%3A%221738727005%22%2C%22key%22%3A%22modifiedAt%22%7D%5D%2C%22uri%22%3A%22main%2Fdyna-mac%22%2C%22urlPath%22%3A%22%2Fkeywords%2Fdyna-mac%22%2C%22sections%22%3A%5B%5D%7D%5D%2C%22media%22%3A%5B%7B%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F3250203%22%2C%22content%22%3A%7B%22id%22%3A%223250203%22%2C%22type%22%3A%22picture%22%2C%22source%22%3A%22DCX%22%2C%22sourceId%22%3A%2237358eb4-de2b-4607-bed1-9aec8bee30f6%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F3250203%2F2024%2F4%2F3%2F9%2Ffile6ucd4a7zjeb5f510g.jpg%22%2C%22alternates%22%3A%7B%22poi%22%3A%7B%22top%22%3A626%2C%22left%22%3A727%2C%22auto%22%3Afalse%7D%2C%22com_escenic_master%22%3A%7B%22x%22%3A0%2C%22y%22%3A0%2C%22width%22%3A2362%2C%22height%22%3A1000%2C%22auto%22%3Afalse%7D%2C%22ORIGINAL%22%3A%7B%22x%22%3A0%2C%22y%22%3A0%2C%22width%22%3A2362%2C%22height%22%3A1000%2C%22auto%22%3Atrue%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22x%22%3A0%2C%22y%22%3A0%2C%22width%22%3A1500%2C%22height%22%3A1000%2C%22auto%22%3Atrue%7D%2C%22BASE_PORTRAIT%22%3A%7B%22x%22%3A441%2C%22y%22%3A0%2C%22width%22%3A563%2C%22height%22%3A1000%2C%22auto%22%3Atrue%7D%2C%22BASE_SQUARE%22%3A%7B%22x%22%3A223%2C%22y%22%3A0%2C%22width%22%3A1000%2C%22height%22%3A1000%2C%22auto%22%3Atrue%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22x%22%3A145%2C%22y%22%3A0%2C%22width%22%3A1155%2C%22height%22%3A1000%2C%22auto%22%3Atrue%7D%2C%22BASE_WIDE%22%3A%7B%22x%22%3A0%2C%22y%22%3A0%2C%22width%22%3A2351%2C%22height%22%3A1000%2C%22auto%22%3Atrue%7D%2C%22BASE_FREE%22%3A%7B%22x%22%3A0%2C%22y%22%3A0%2C%22width%22%3A2362%2C%22height%22%3A1000%2C%22auto%22%3Atrue%7D%7D%2C%22fields%22%3A%7B%22caption%22%3A%22Dyna-Mac's%20offshore%20floating%20production%2C%20storage%20and%20offloading%20(FPSO).%22%2C%22credit%22%3A%22%22%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22key%22%3A%22last-modified%22%2C%22value%22%3A%221712106584710%22%7D%2C%7B%22key%22%3A%22content-length%22%2C%22value%22%3A%221478199%22%7D%2C%7B%22key%22%3A%22mime-type%22%2C%22value%22%3A%22image%2Fjpeg%22%7D%2C%7B%22key%22%3A%22format%22%2C%22value%22%3A%22JPEG%22%7D%2C%7B%22key%22%3A%22width%22%2C%22value%22%3A%222362%22%7D%2C%7B%22key%22%3A%22file-name%22%2C%22value%22%3A%22file6ucd4a7zjeb5f510g.jpg%22%7D%2C%7B%22key%22%3A%22com.escenic.binary.version%22%2C%22value%22%3A%222%22%7D%2C%7B%22key%22%3A%22original-mime-type%22%2C%22value%22%3A%22image%2Fjpeg%22%7D%2C%7B%22key%22%3A%22height%22%2C%22value%22%3A%221000%22%7D%5D%2C%22original%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FORIGINAL%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1200%2C%22height%22%3A-1%7D%2C%22portrait%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_PORTRAIT%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1140%2C%22height%22%3A2026%7D%2C%22landscape%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_LANDSCAPE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1140%2C%22height%22%3A760%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_480%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_480%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A480%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_1024%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_1024%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1024%2C%22height%22%3A682%7D%2C%22square%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_SQUARE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1140%2C%22height%22%3A1140%7D%2C%22square_30_26%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_SQUARE_30_26%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1140%2C%22height%22%3A987%7D%2C%22wide%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_WIDE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1140%2C%22height%22%3A485%7D%2C%22freecrop%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_FREE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1140%2C%22height%22%3A-1%7D%2C%22wide-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F8cdafd86e621d6e03639abd4f718a3b35b00e4a08bec76d0d5fc6b006545283d%22%2C%22width%22%3A1140%2C%22height%22%3A485%7D%2C%22square-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F56f1ae6228a160c44df4137aceedc6a6b45ad63fbbf54853baa9e026f093cae8%22%2C%22width%22%3A1140%2C%22height%22%3A1140%7D%2C%22original-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F467fc99cfa4fd0580f0a49e89db19b97b8ba57bd0c371c40f1b0a133ebc6a490%22%2C%22width%22%3A2362%2C%22height%22%3A1000%7D%2C%22freecrop-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F7d8eaf962190fce95b6ba6d59c119a9356ccc74dde8c7f70b0e2461130021584%22%2C%22width%22%3A1140%2C%22height%22%3A482%7D%2C%22landscape1024-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F54a41dcee58f3e335b4d1cfaaf3d736fec1e9e682924b1b355d92ad71e9e7e12%22%2C%22width%22%3A1024%2C%22height%22%3A682%7D%2C%22portrait-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fc34fc9525efb8ecea7eefbe5b69a1ea0b1a2eb8d4beeb6780a56304ddf22d0d1%22%2C%22width%22%3A1140%2C%22height%22%3A2026%7D%2C%22landscape-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F7b29e1f8b34a1dbfe8f3d945bb5063910579ae0e48d474ce61794a0bf593c19f%22%2C%22width%22%3A1140%2C%22height%22%3A760%7D%2C%22landscape480-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb2e92cdf9458021c27cdec2056ecc8897a662cee40fc455c48ceb9e8b774b0b7%22%2C%22width%22%3A480%2C%22height%22%3A320%7D%2C%22square_30_26-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Feb88088d0bc317f1b7a9680823dae044e659c121f29820a50dfb0d3959d00451%22%2C%22width%22%3A1140%2C%22height%22%3A987%7D%7D%7D%2C%22summary%22%3A%5B%7B%22key%22%3A%22caption%22%2C%22value%22%3A%22Hanwha's%20revised%20offer%20price%20of%20S%240.67%20per%20share%2C%20announced%20on%20Monday%20(Oct%2014)%2C%20comes%20after%20an%20earlier%20voluntary%20conditional%20cash%20offer%20it%20made%20on%20Sep%2011%20to%20take%20management%20control%20of%20Dyna-Mac%20at%20S%240.60%20per%20share.%20%22%7D%2C%7B%22key%22%3A%22credit%22%2C%22value%22%3A%22PHOTO%3A%20BT%20FILE%20%22%7D%2C%7B%22key%22%3A%22byline%22%2C%22value%22%3A%22%22%7D%2C%7B%22key%22%3A%22alttext%22%2C%22value%22%3A%22Dyna-Mac's%20offshore%20floating%20production%2C%20storage%20and%20offloading%20(FPSO).%22%7D%5D%7D%5D%2C%22attachments%22%3A%5B%5D%2C%22relatedStories%22%3A%5B%7B%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F4716588%22%2C%22content%22%3A%7B%22id%22%3A%224716588%22%2C%22type%22%3A%22onlineStory%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fbrokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbrokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say%22%2C%22source%22%3A%22ece-auto-gen%22%2C%22sourceId%22%3A%22c3a6156e-9d7c-4004-8f58-e5e1798cc8db%22%2C%22fields%22%3A%7B%22title%22%3A%22brokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say%22%7D%7D%7D%2C%7B%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F5117704%22%2C%22content%22%3A%7B%22id%22%3A%225117704%22%2C%22type%22%3A%22onlineStory%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fhanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fhanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share%22%2C%22source%22%3A%22ece-auto-gen%22%2C%22sourceId%22%3A%2229151371-44f3-4c60-b719-a4efa4b4d5d1%22%2C%22fields%22%3A%7B%22title%22%3A%22hanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share%22%7D%7D%7D%2C%7B%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F4697092%22%2C%22content%22%3A%7B%22id%22%3A%224697092%22%2C%22type%22%3A%22onlineStory%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2Fhanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fhanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share%22%2C%22source%22%3A%22ece-auto-gen%22%2C%22sourceId%22%3A%225c397706-93ef-4c31-bdc1-cd09dfb3f227%22%2C%22fields%22%3A%7B%22title%22%3A%22hanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share%22%7D%7D%7D%5D%2C%22relatedContributorProfile%22%3A%5B%5D%2C%22campaignReference%22%3A%5B%5D%2C%22ogImages%22%3A%5B%5D%2C%22authors%22%3A%5B%7B%22id%22%3A%224669%22%2C%22name%22%3A%22Therese%20Soh%22%2C%22firstname%22%3A%22Therese%22%2C%22surname%22%3A%22Soh%22%2C%22username%22%3A%22therese%22%2C%22email%22%3A%22therese%40sph.com.sg%22%2C%22source%22%3A%22okta%22%2C%22sourceId%22%3A%2200udanczz3eNsh1tR697%22%2C%22updated%22%3A%222024-04-25T07%3A47%3A19.000Z%22%2C%22edited%22%3A%222024-09-05T05%3A38%3A04.000Z%22%2C%22profiles%22%3A%5B%7B%22content%22%3A%7B%22typeName%22%3A%22AuthorProfile%22%2C%22id%22%3A%224615146%22%2C%22urlPath%22%3A%22%2Fauthors%2Ftherese-soh1%22%2C%22urlPathHistory%22%3A%5B%5D%2C%22type%22%3A%22authorProfile%22%2C%22source%22%3A%22ece-auto-gen%22%2C%22sourceId%22%3A%22832a4b16-88aa-4f29-b12e-04225df5ab17%22%2C%22updated%22%3A%222024-09-04T02%3A19%3A04.000Z%22%2C%22edited%22%3A%222024-10-16T02%3A08%3A43.000Z%22%2C%22fields%22%3A%7B%22name%22%3A%22Therese%20Soh%22%2C%22bio%22%3A%5B%5D%2C%22bio_raw%22%3A%22%22%2C%22email%22%3A%22therese%40sph.com.sg%22%2C%22twitterHandle%22%3A%22%22%2C%22designation%22%3A%22%22%2C%22startdate%22%3A%22%22%7D%2C%22headshotImage%22%3A%5B%7B%22content%22%3A%7B%22fields%22%3A%7B%22original%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fo2f4ta-20241010-533a6353-edit-edit-edit.jpg%2Falternates%2FORIGINAL%2F20241010-533A6353-Edit-Edit-Edit.jpg%22%2C%22width%22%3A1200%2C%22height%22%3A-1%7D%2C%22square_560%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fo2f4ta-20241010-533a6353-edit-edit-edit.jpg%2Falternates%2FSQUARE_560%2F20241010-533A6353-Edit-Edit-Edit.jpg%22%2C%22width%22%3A560%2C%22height%22%3A560%7D%2C%22square_480%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fo2f4ta-20241010-533a6353-edit-edit-edit.jpg%2Falternates%2FSQUARE_480%2F20241010-533A6353-Edit-Edit-Edit.jpg%22%2C%22width%22%3A480%2C%22height%22%3A480%7D%2C%22square_320%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fo2f4ta-20241010-533a6353-edit-edit-edit.jpg%2Falternates%2FSQUARE_320%2F20241010-533A6353-Edit-Edit-Edit.jpg%22%2C%22width%22%3A320%2C%22height%22%3A320%7D%2C%22square_80%22%3A%7B%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fo2f4ta-20241010-533a6353-edit-edit-edit.jpg%2Falternates%2FSQUARE_80%2F20241010-533A6353-Edit-Edit-Edit.jpg%22%2C%22width%22%3A80%2C%22height%22%3A80%7D%2C%22square_80-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F6f30d52df9f665da66b787b4dff908a3ed4d943712d06ec1db886b8b19175e13%22%2C%22width%22%3A80%2C%22height%22%3A80%7D%2C%22square_320-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F2aea6a152ccce975270cc4c401f719cf88ae54ab851c711a02551d72179043eb%22%2C%22width%22%3A320%2C%22height%22%3A320%7D%2C%22square_560-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F3a623ec18ca903da583986e34fc8b8ea06134b49dfa4b82889c4002b586e919e%22%2C%22width%22%3A560%2C%22height%22%3A560%7D%2C%22square_480-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fccefcf8a1e7ee04dd373add11951b6514ad19d5068c09788e01717c5e15f23ff%22%2C%22width%22%3A480%2C%22height%22%3A480%7D%2C%22original-caas%22%3A%7B%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F3d255b3129bfe9d822f73a15aa1bc67907143549d288fd8476557df885dc6716%22%2C%22width%22%3A1781%2C%22height%22%3A2109%7D%7D%7D%7D%5D%7D%7D%5D%7D%5D%2C%22aiService%22%3A%5B%5D%2C%22byline%22%3A%7B%22customByline%22%3A%22%22%2C%22translator%22%3A%22%22%7D%2C%22sponsorship%22%3A%7B%22sponsorCheckbox%22%3Afalse%2C%22sponsorDateStart%22%3A%22%22%2C%22sponsorDateEnd%22%3A%22%22%2C%22sponsorName%22%3A%22%22%7D%2C%22paywall%22%3A%7B%22printFlag%22%3Afalse%2C%22automateFlag%22%3Anull%2C%22contentAccess%22%3A%220%22%2C%22copyright%22%3A%22SPH%22%2C%22agencySource%22%3A%22%22%7D%2C%22customBlurb%22%3Anull%2C%22storyContent%22%3A%7B%22blurb%22%3A%22%22%2C%22shortURL%22%3A%22%22%2C%22stockCode%22%3A%22%22%7D%2C%22displaySetting%22%3A%7B%22zbsgFlag%22%3Afalse%2C%22zbcomFlag%22%3Afalse%2C%22hideAuthorFlag%22%3Afalse%2C%22displayHeadline%22%3A%22%22%2C%22displayHeadlineZBCom%22%3A%22%22%2C%22englishHeadline%22%3A%22%22%2C%22englishBody%22%3A%22%22%2C%22externalURL%22%3A%22%22%2C%22displayType%22%3A%22mainNewsDefault%22%2C%22displayAssets%22%3A%22%22%2C%22hasAffiliateLabel%22%3Afalse%2C%22displayAssetsMultiple%22%3A%5B%5D%2C%22showRelatedLinksAndNewsletterSignupForm%22%3Atrue%2C%22hasUpdatedTimeDisplayed%22%3Afalse%2C%22noDuplication%22%3Afalse%2C%22hideFromBreakingNewsListing%22%3Afalse%2C%22hideFromSectionListing%22%3Afalse%2C%22sticky%22%3Afalse%2C%22publishToGoogleAMP%22%3Atrue%2C%22hideMedia%22%3Afalse%2C%22hideOutbrain%22%3Afalse%2C%22isWinnerPage%22%3Afalse%7D%2C%22campaignSetting%22%3A%7B%22campaignDisplay%22%3A%22ARTICLES%22%2C%22campaignType%22%3A%22REGULAR%22%7D%2C%22creditInfo%22%3A%7B%22compiledBy%22%3A%22%22%2C%22producer%22%3A%22%22%7D%2C%22seoFields%22%3A%7B%22metaTitle%22%3A%22%22%2C%22metaDescription%22%3A%22%22%2C%22metaRobots%22%3A%220%22%2C%22canonicalUrl%22%3A%22%22%7D%2C%22englishVariantFields%22%3A%7B%22isTranslated%22%3Afalse%7D%2C%22ogFields%22%3A%7B%22ogTitle%22%3A%22%22%2C%22ogDescription%22%3A%22%22%7D%2C%22cueFields%22%3A%7B%22noDuplication%22%3Afalse%7D%2C%22others%22%3A%7B%22storyThread%22%3A%22%22%2C%22storyThreadMetadata%22%3A%22%5B%5D%22%2C%22storySource%22%3A%22%22%2C%22storySourceMetadata%22%3A%22%5B%5D%22%2C%22authoring%22%3A%22%22%2C%22removeAuthor%22%3Anull%2C%22editorialTag%22%3A%22%22%2C%22customUrlAlias%22%3Afalse%2C%22urlAlias%22%3A%22%22%2C%22urlHistory%22%3A%5B%22%2Fcompanies-markets%2Fbrokers-take-dyna-mac-shareholders-should-accept-hanwhas-s0-67-share-offer-maybank-says%22%5D%7D%2C%22storyline%22%3A%5B%22ca7008e8-2dbd-4fe7-bf43-03d45ace620c%22%2C%2213cb93d7-8337-4d94-8b65-9555fac74a48%22%2C%224feb93ac-a498-40e9-81ae-786a93f70d92%22%2C%225942a1a3-0e52-436f-94f1-dbbd0d3b5d82%22%2C%2270b3c48f-8911-4319-b2ba-f8c2f72efbe0%22%2C%22a83f2720-fb35-4f79-a6bb-b2e3812948a8%22%2C%2206921c90-4eac-42da-a652-88d758b3aa13%22%2C%221a87f25f-d1ab-4b48-afb3-a6842e302ae8%22%2C%22a4f2604a-e7ab-4216-84a9-197cd1e0535f%22%2C%224d2051e4-9a95-47d6-b547-dfd7a35819df%22%2C%228b31cd2e-4ce9-441f-87fc-828dc9895d1e%22%2C%227f1edf49-1efc-4c35-9160-c6c2d363f920%22%2C%229e0d1e09-dd63-4948-afa2-3faf1bee68ed%22%2C%22552449b3-1e97-43b1-83f2-b84fd9964fc0%22%2C%227a50da91-0c7b-4208-be18-f76b8de7797b%22%2C%226e2711c1-15ce-48bf-af52-e717231c3035%22%2C%22e81d1c46-6bd5-4642-9bd7-1486e5ecb371%22%2C%22e0f0019b-c2df-4753-ac67-ef1c0058954e%22%5D%2C%22embedcodes%22%3A%5B%5D%2C%22elements%22%3A%5B%7B%22id%22%3A%22ca7008e8-2dbd-4fe7-bf43-03d45ace620c%22%2C%22type%22%3A%22slug%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22slug%22%2C%22value%22%3A%22tsdyna15%22%2C%22annotations%22%3A%5B%5D%7D%5D%7D%2C%7B%22id%22%3A%2213cb93d7-8337-4d94-8b65-9555fac74a48%22%2C%22type%22%3A%22headline%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22headline%22%2C%22value%22%3A%22Brokers%E2%80%99%20take%3A%20Dyna-Mac%20shareholders%20should%20accept%20Hanwha%E2%80%99s%20S%240.67%20a%20share%20offer%2C%20Maybank%20says%22%2C%22annotations%22%3A%5B%5D%7D%5D%7D%2C%7B%22id%22%3A%224feb93ac-a498-40e9-81ae-786a93f70d92%22%2C%22type%22%3A%22kicker%22%2C%22fields%22%3A%5B%5D%7D%2C%7B%22id%22%3A%225942a1a3-0e52-436f-94f1-dbbd0d3b5d82%22%2C%22type%22%3A%22standfirst%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22standfirst%22%2C%22value%22%3A%22Its%20analyst%20says%20offer%20represents%20a%20fair%20exit%20price%20for%20shareholders%20to%20realise%20their%20investment%20and%20reinvest%20into%20other%20undervalued%20counters%22%2C%22annotations%22%3A%5B%5D%7D%5D%7D%2C%7B%22id%22%3A%2270b3c48f-8911-4319-b2ba-f8c2f72efbe0%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22MAYBANK%20Securities%20has%20recommended%20that%20shareholders%20of%20offshore%20oil-and-gas%20contractor%20Dyna-Mac%20accept%20the%20revised%20S%240.67%20a%20share%20offer%20from%20South%20Korean%20company%20Hanwha.%22%2C%22annotations%22%3A%5B%7B%22index%22%3A88%2C%22length%22%3A8%2C%22name%22%3A%22stock-picker%22%2C%22value%22%3A%224436fa32-47ca-4d5a-8b70-0b8c8b02af72%22%7D%2C%7B%22index%22%3A108%2C%22length%22%3A28%2C%22name%22%3A%22external_link%22%2C%22value%22%3A%2255123ba7-3140-4e88-8583-9bde62d06a25%22%7D%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%224436fa32-47ca-4d5a-8b70-0b8c8b02af72%22%2C%22type%22%3A%22stock_picker%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22stockCode%22%2C%22value%22%3A%22NO4%22%2C%22annotations%22%3A%5B%5D%7D%5D%7D%2C%7B%22id%22%3A%2255123ba7-3140-4e88-8583-9bde62d06a25%22%2C%22type%22%3A%22external_link%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22uri%22%2C%22value%22%3A%22https%3A%2F%2Fwww.businesstimes.com.sg%2Fcompanies-markets%2Fhanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22newWindow%22%2C%22booleanValue%22%3Atrue%7D%2C%7B%22name%22%3A%22noFollow%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%22a83f2720-fb35-4f79-a6bb-b2e3812948a8%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22The%20revised%20offer%20comes%20after%20Hanwha%20on%20Sep%2011%20made%20a%20voluntary%20conditional%20cash%20offer%20to%20take%20management%20control%20of%20Dyna-Mac%20at%20S%240.60%20per%20share.%C2%A0%22%2C%22annotations%22%3A%5B%7B%22index%22%3A54%2C%22length%22%3A32%2C%22name%22%3A%22external_link%22%2C%22value%22%3A%22cfb0817e-0716-4828-8a2f-1a6151abdf7e%22%7D%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%22cfb0817e-0716-4828-8a2f-1a6151abdf7e%22%2C%22type%22%3A%22external_link%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22uri%22%2C%22value%22%3A%22https%3A%2F%2Fwww.businesstimes.com.sg%2Fcompanies-markets%2Fhanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22newWindow%22%2C%22booleanValue%22%3Atrue%7D%2C%7B%22name%22%3A%22noFollow%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%2206921c90-4eac-42da-a652-88d758b3aa13%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22Hanwha%20on%20Monday%20(Oct%2014)%20said%20that%20the%20revised%20offer%20is%20final%2C%20and%20that%20it%20does%20not%20intend%20to%20revise%20the%20improved%20price%20but%20%E2%80%9Creserves%20the%20right%20to%20do%20so%20in%20a%20competitive%20situation%E2%80%9D.%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%221a87f25f-d1ab-4b48-afb3-a6842e302ae8%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22In%20a%20Monday%20report%2C%20Maybank%20Securities%20analyst%20Jarick%20Seet%20said%20the%20S%240.67%20a%20share%20offer%20price%20represents%20a%20fair%20exit%20price%20%E2%80%9Cfor%20shareholders%20to%20realise%20their%20investment%20and%20reinvest%20into%20other%20undervalued%20counters%E2%80%9D.%C2%A0%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%22a4f2604a-e7ab-4216-84a9-197cd1e0535f%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22Noting%20that%20the%20offer%20price%20exceeds%20Maybank%20Securities%E2%80%99%20S%240.64%20target%20price%2C%20Seet%20said%3A%20%E2%80%9CWe%20think%20that%20the%20offer%20is%20fair%20and%20shareholders%20should%20accept%20the%20offer%20even%20though%20we%20are%20currently%20in%20a%20floating%20production%20storage%20and%20offloading%20upcycle.%E2%80%9D%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%224d2051e4-9a95-47d6-b547-dfd7a35819df%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22The%20revised%20offer%20price%20of%20S%240.67%20a%20share%20exceeds%20the%20counter%E2%80%99s%20previous%20closing%20prices%20over%20the%20past%2010%20years.%C2%A0%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%228b31cd2e-4ce9-441f-87fc-828dc9895d1e%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22%E2%80%9CEvent-driven%20funds%20as%20well%20as%20institutional%20funds%20will%20likely%20take%20this%20chance%20to%20realise%20their%20gains%20and%20free%20up%20liquidity%2C%20as%20upside%20will%20be%20limited%20until%20Hanwha%E2%80%99s%20offer%20lapses%2C%E2%80%9D%20Seet%20said.%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%227f1edf49-1efc-4c35-9160-c6c2d363f920%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22Analysts%20had%20earlier%20recommended%20that%20Dyna-Mac%20shareholders%20think%20twice%20about%20accepting%20Hanwha%E2%80%99s%20offer%20in%20September%20to%20purchase%20their%20shares%20at%20S%240.60%20a%20share.%20%22%2C%22annotations%22%3A%5B%7B%22index%22%3A21%2C%22length%22%3A50%2C%22name%22%3A%22external_link%22%2C%22value%22%3A%221d992321-cfff-4c02-96b8-1af9c724c8a2%22%7D%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%221d992321-cfff-4c02-96b8-1af9c724c8a2%22%2C%22type%22%3A%22external_link%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22uri%22%2C%22value%22%3A%22https%3A%2F%2Fwww.businesstimes.com.sg%2Fcompanies-markets%2Fbrokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22newWindow%22%2C%22booleanValue%22%3Atrue%7D%2C%7B%22name%22%3A%22noFollow%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%229e0d1e09-dd63-4948-afa2-3faf1bee68ed%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22Maybank%20Securities%20had%20advised%20shareholders%20to%20wait%20for%20a%20better%20deal%20as%20the%20offer%20price%20was%20fair%20but%20on%20the%20lower%20end%20of%20the%20fair-value%20range.%C2%A0%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%22552449b3-1e97-43b1-83f2-b84fd9964fc0%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22OCBC%20Investment%20Research%20had%20said%20that%20shareholders%20should%20reject%20the%20offer.%C2%A0%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%227a50da91-0c7b-4208-be18-f76b8de7797b%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22Hanwha%20said%20it%20has%20raised%20its%20offer%20price%20after%20considering%20Dyna-Mac%E2%80%99s%20value%20and%20growth%20prospects%2C%20financial%20performance%2C%20net%20cash%20position%20and%20order%20book%2C%20and%20the%20potential%20benefits%20of%20its%20recent%20Exterran%20Offshore%20acquisition.%C2%A0%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%226e2711c1-15ce-48bf-af52-e717231c3035%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22The%20revised%20offer%20price%20represents%20a%20premium%20of%20584.4%20per%20cent%20over%20the%20company%E2%80%99s%20net%20asset%20value%20of%20S%240.0979%20as%20at%20Jun%2030.%C2%A0%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%22e81d1c46-6bd5-4642-9bd7-1486e5ecb371%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22The%20offer%20is%20a%20%E2%80%9Cfinal%20opportunity%20for%20shareholders%20to%20immediately%20realise%20attractive%20returns%20at%20compelling%20premiums%E2%80%9D%20over%20the%20volume-weighted%20average%20price%20for%20the%20one-month%2C%20three-month%2C%20six-month%20and%2012-month%20periods%2C%20respectively%2C%20up%20to%20and%20including%20Sep%2010%20when%20the%20counter%20was%20last%20traded%2C%20Hanwha%20added.%20%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%2C%7B%22id%22%3A%22e0f0019b-c2df-4753-ac67-ef1c0058954e%22%2C%22type%22%3A%22paragraph%22%2C%22fields%22%3A%5B%7B%22name%22%3A%22paragraph%22%2C%22value%22%3A%22The%20closing%20date%20of%20the%20offer%20was%20extended%20to%205.30%20pm%20on%20Nov%206.%C2%A0%22%2C%22annotations%22%3A%5B%5D%7D%2C%7B%22name%22%3A%22displayDropCap%22%2C%22booleanValue%22%3Afalse%7D%2C%7B%22name%22%3A%22disableAutolink%22%2C%22booleanValue%22%3Atrue%7D%5D%7D%5D%2C%22sanitizedRelatedStories%22%3A%5B%7B%22id%22%3A%224716588%22%2C%22title%22%3A%22Brokers%E2%80%99%20take%3A%20Dyna-Mac%20shareholders%20should%20wait%20for%20better%20offer%2C%20analysts%20say%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbrokers-take-dyna-mac-shareholders-should-wait-better-offer-analysts-say%22%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22Maybank%20Securities%20is%20recommending%20Dyna-Mac%20shareholders%20%E2%80%9Cwait%20and%20see%E2%80%9D%20for%20a%20potentially%20better%20deal%2C%20while%20OCBC%20Investment%20Research%20said%20shareholders%20should%20reject%20the%20offer.%C2%A0%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20BT%20FILE%20%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22Maybank%20Securities%20is%20recommending%20Dyna-Mac%20shareholders%20%E2%80%9Cwait%20and%20see%E2%80%9D%20for%20a%20potentially%20better%20deal%2C%20while%20OCBC%20Investment%20Research%20said%20shareholders%20should%20reject%20the%20offer.%C2%A0%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F3250203%22%2C%22content%22%3A%7B%22sourceId%22%3A%2237358eb4-de2b-4607-bed1-9aec8bee30f6%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F3250203%2F2024%2F4%2F3%2F9%2Ffile6ucd4a7zjeb5f510g.jpg%22%2C%22id%22%3A%223250203%22%2C%22source%22%3A%22DCX%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Feb88088d0bc317f1b7a9680823dae044e659c121f29820a50dfb0d3959d00451%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FORIGINAL%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_480%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_480%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_1024%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FLANDSCAPE_1024%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_WIDE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A2362%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F467fc99cfa4fd0580f0a49e89db19b97b8ba57bd0c371c40f1b0a133ebc6a490%22%2C%22height%22%3A1000%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F7b29e1f8b34a1dbfe8f3d945bb5063910579ae0e48d474ce61794a0bf593c19f%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F56f1ae6228a160c44df4137aceedc6a6b45ad63fbbf54853baa9e026f093cae8%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22Dyna-Mac's%20offshore%20floating%20production%2C%20storage%20and%20offloading%20(FPSO).%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_FREE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221712106584710%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%221478199%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%222362%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22file6ucd4a7zjeb5f510g.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%221000%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_PORTRAIT%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fc34fc9525efb8ecea7eefbe5b69a1ea0b1a2eb8d4beeb6780a56304ddf22d0d1%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fb2e92cdf9458021c27cdec2056ecc8897a662cee40fc455c48ceb9e8b774b0b7%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_SQUARE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F8cdafd86e621d6e03639abd4f718a3b35b00e4a08bec76d0d5fc6b006545283d%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_SQUARE_30_26%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F54a41dcee58f3e335b4d1cfaaf3d736fec1e9e682924b1b355d92ad71e9e7e12%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F7d8eaf962190fce95b6ba6d59c119a9356ccc74dde8c7f70b0e2461130021584%22%2C%22height%22%3A482%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.straitstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fv39442-8.-161014-fpso-cidade-de-marica.pg.jpg%2Falternates%2FBASE_LANDSCAPE%2F8.%2520161014%2520FPSO%2520Cidade%2520De%2520Marica.pg.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A2362%2C%22y%22%3A0%2C%22height%22%3A1000%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Atrue%2C%22x%22%3A0%2C%22width%22%3A1500%2C%22y%22%3A0%2C%22height%22%3A1000%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Atrue%2C%22x%22%3A145%2C%22width%22%3A1155%2C%22y%22%3A0%2C%22height%22%3A1000%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Atrue%2C%22x%22%3A0%2C%22width%22%3A2351%2C%22y%22%3A0%2C%22height%22%3A1000%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Atrue%2C%22x%22%3A223%2C%22width%22%3A1000%2C%22y%22%3A0%2C%22height%22%3A1000%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Atrue%2C%22x%22%3A0%2C%22width%22%3A2362%2C%22y%22%3A0%2C%22height%22%3A1000%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Atrue%2C%22x%22%3A0%2C%22width%22%3A2362%2C%22y%22%3A0%2C%22height%22%3A1000%7D%2C%22poi%22%3A%7B%22auto%22%3Afalse%2C%22top%22%3A626%2C%22left%22%3A727%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Atrue%2C%22x%22%3A441%2C%22width%22%3A563%2C%22y%22%3A0%2C%22height%22%3A1000%7D%7D%7D%7D%5D%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%7D%2C%7B%22id%22%3A%225117704%22%2C%22title%22%3A%22Hanwha%20ups%20Dyna-Mac%20takeover%20offer%20to%20final%20price%20of%20S%240.67%20per%20share%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fhanwha-ups-dyna-mac-takeover-offer-final-price-s0-67-share%22%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22The%20final%20offer%20price%20exceeds%20all%20previous%20closing%20prices%20of%20the%20stock%20for%20the%20past%2010%20years%20prior%20to%20and%20including%20the%20last%20trading%20day%20of%20Sep%2010.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20BT%20FILE%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F2217244%22%2C%22content%22%3A%7B%22sourceId%22%3A%22162754%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F2217244%2F2023%2F12%2F22%2F22%2F47a-39782751%2B-%2B08_09_2016%2B-%2Bjwdyna09.jpg%22%2C%22id%22%3A%222217244%22%2C%22source%22%3A%22bt-drupal-scald%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fc70eb2e9a88db2b545f605710ff9c3a79f2ab75564fb538113897728be0c0d9f%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FORIGINAL%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FLANDSCAPE_480%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FLANDSCAPE_480%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FLANDSCAPE_1024%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FLANDSCAPE_1024%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FBASE_WIDE%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A1536%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F069c5fe692b4fe436dc8b72387ce20aaac56f8afe2205c5069efd1ddeb9c417d%22%2C%22height%22%3A1024%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fa172df8666be2831eed6c93e85a299b25529dc7d971eb64d5ccb5c4783a60024%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fc29a9dd1dc92e1e78c0a735c7109b58ae9a33edbe59e6d23a1de32ae2ffc3222%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22ENGINEERING%20and%20fabrication%20firm%20Dyna-Mac%20Holdings'%20loss%20widened%20in%20the%20first%20quarter%20of%202017%2C%20as%20revenue%20plunged%2088%20per%20cent.%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FBASE_FREE%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221703254693414%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%22309933%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22%5C%223lqveqiblg7jj%5C%22%22%2C%22key%22%3A%22http.ETag%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%221536%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%2247a-39782751%20-%2008_09_2016%20-%20jwdyna09.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%221024%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FBASE_PORTRAIT%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fe19df8ff392e5631a92231df680baf75aebc72e68331d03e6b1cf889a5cc4aa7%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F3113f00aa836a8d565e07b968571b872fe0bc7a425f62b747e368548ace105e1%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FBASE_SQUARE%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ff1b7ad2d9d8633caa19bf2daa8e92e769ca51b9cb001443c0bfde611bf01dba6%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FBASE_SQUARE_30_26%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Faf945adb9d0a6c9da94cd5a9bbde58c284a98c250d252634c227c713476ce04f%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fa172df8666be2831eed6c93e85a299b25529dc7d971eb64d5ccb5c4783a60024%22%2C%22height%22%3A760%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgez4d7-47a-39782751-08_09_2016-jwdyna09.jpg%2Falternates%2FBASE_LANDSCAPE%2F47a-39782751%2520-%252008_09_2016%2520-%2520jwdyna09.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%7D%2C%7B%22id%22%3A%224697092%22%2C%22title%22%3A%22Hanwha%20launches%20voluntary%20conditional%20cash%20offer%20for%20Dyna-Mac%20at%20S%240.60%20a%20share%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fhanwha-launches-voluntary-conditional-cash-offer-dyna-mac-s0-60-share%22%2C%22media%22%3A%5B%7B%22summary%22%3A%5B%7B%22value%22%3A%22The%20offeror%20intends%20to%20take%20control%20of%20the%20management%20of%20Dyna-Mac%20through%20the%20voluntary%20conditional%20cash%20offer.%22%2C%22key%22%3A%22caption%22%7D%2C%7B%22value%22%3A%22PHOTO%3A%20DYNA-MAC%20HOLDINGS%22%2C%22key%22%3A%22credit%22%7D%2C%7B%22value%22%3A%22%22%2C%22key%22%3A%22byline%22%7D%2C%7B%22value%22%3A%22The%20offeror%20intends%20to%20take%20control%20of%20the%20management%20of%20Dyna-Mac%20through%20the%20voluntary%20conditional%20cash%20offer.%22%2C%22key%22%3A%22alttext%22%7D%5D%2C%22href%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fcontent%2F2346197%22%2C%22content%22%3A%7B%22sourceId%22%3A%2214691%22%2C%22binaryLink%22%3A%22http%3A%2F%2Finternal-alb-cue-presentation-cue-prd-1122320581.ap-southeast-1.elb.amazonaws.com%3A8080%2Fwebservice%2Fescenic%2Fbinary%2F2346197%2F2023%2F12%2F27%2F8%2FALdyna.jpg%22%2C%22id%22%3A%222346197%22%2C%22source%22%3A%22bt-drupal-scald%22%2C%22type%22%3A%22picture%22%2C%22fields%22%3A%7B%22square_30_26-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F05bb0eec4f1b3a8c1cb8983e8b6dca8293511e46dace1463c0f9a906f63467a1%22%2C%22height%22%3A987%7D%2C%22original%22%3A%7B%22width%22%3A1200%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FORIGINAL%2FALdyna.jpg%22%2C%22height%22%3A-1%7D%2C%22landscape480%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FLANDSCAPE_480%2FALdyna.jpg%22%2C%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FLANDSCAPE_480%2FALdyna.jpg%22%2C%22height%22%3A320%7D%2C%22landscape1024%22%3A%7B%22href_full%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FLANDSCAPE_1024%2FALdyna.jpg%22%2C%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FLANDSCAPE_1024%2FALdyna.jpg%22%2C%22height%22%3A682%7D%2C%22wide%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FBASE_WIDE%2FALdyna.jpg%22%2C%22height%22%3A485%7D%2C%22original-caas%22%3A%7B%22width%22%3A2362%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F0c06e870829bd56ca5c7dda00d11363b9fc61ed576a1ba41137c7e27129fb342%22%2C%22height%22%3A1000%7D%2C%22landscape-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fe5e0c1f900f5f8cf7e2b6cd14d08489a06a4c9ef33ccc5b7fb5f28329ecf9d30%22%2C%22height%22%3A760%7D%2C%22square-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ff577fc82f16dba5ffce4b07ab2fb96229e88bce13568296a47470a724e6bc5cd%22%2C%22height%22%3A1140%7D%2C%22caption%22%3A%22DYNA-MAC%20said%20on%20Monday%20it%20has%20secured%20a%20contract%20worth%20a%20preliminary%20estimate%20of%20S%2489%20million%20to%20construct%2010%20FPSO%20(floating%20production%20storage%20and%20offloading)%20topsides%20modules%20and%20one%20flare%20tower%20for%20BW%20Offshore%2C%20which%20provides%20floating%20production%20services%20to%20the%20oil%20and%20gas%20industry.%22%2C%22freecrop%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FBASE_FREE%2FALdyna.jpg%22%2C%22height%22%3A-1%7D%2C%22com_escenic_defaultmetadata%22%3A%5B%7B%22value%22%3A%221703635325690%22%2C%22key%22%3A%22last-modified%22%7D%2C%7B%22value%22%3A%22385992%22%2C%22key%22%3A%22content-length%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22mime-type%22%7D%2C%7B%22value%22%3A%22%5C%221epwh2hegcvi3%5C%22%22%2C%22key%22%3A%22http.ETag%22%7D%2C%7B%22value%22%3A%22JPEG%22%2C%22key%22%3A%22format%22%7D%2C%7B%22value%22%3A%222362%22%2C%22key%22%3A%22width%22%7D%2C%7B%22value%22%3A%22ALdyna.jpg%22%2C%22key%22%3A%22file-name%22%7D%2C%7B%22value%22%3A%222%22%2C%22key%22%3A%22com.escenic.binary.version%22%7D%2C%7B%22value%22%3A%22image%2Fjpeg%22%2C%22key%22%3A%22original-mime-type%22%7D%2C%7B%22value%22%3A%221000%22%2C%22key%22%3A%22height%22%7D%5D%2C%22portrait%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FBASE_PORTRAIT%2FALdyna.jpg%22%2C%22height%22%3A2026%7D%2C%22portrait-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F88fb45954b79e726b531c40dc177b73d4572afb9a149b8dd4b5dc0f2b90052c3%22%2C%22height%22%3A2026%7D%2C%22landscape480-caas%22%3A%7B%22width%22%3A480%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F11848230bb2b27b494da23477b82006c349bf22729783e67e819de8623bbd574%22%2C%22height%22%3A320%7D%2C%22square%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FBASE_SQUARE%2FALdyna.jpg%22%2C%22height%22%3A1140%7D%2C%22wide-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Ffe413bf558152571dd7dcd71f2dc3d7eab76e6d36e20f3a731ba108dc77cd96a%22%2C%22height%22%3A485%7D%2C%22square_30_26%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FBASE_SQUARE_30_26%2FALdyna.jpg%22%2C%22height%22%3A987%7D%2C%22credit%22%3A%22%22%2C%22landscape1024-caas%22%3A%7B%22width%22%3A1024%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2Fbaf1801e53c656d53bd91081e4c62399f60753d2a892ad3cfa25956029b920fe%22%2C%22height%22%3A682%7D%2C%22freecrop-caas%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fcassette.sphdigital.com.sg%2Fimage%2Fbusinesstimes%2F08fb30f87d8b3b6ecdba3f3c46825e7089cdb083211d128ad35b85bfb979c768%22%2C%22height%22%3A482%7D%2C%22landscape%22%3A%7B%22width%22%3A1140%2C%22url%22%3A%22https%3A%2F%2Fimg.businesstimes.cue-prd.sph.com.sg%2Fpublic%2Fincoming%2Fgu719a-aldyna.jpg%2Falternates%2FBASE_LANDSCAPE%2FALdyna.jpg%22%2C%22height%22%3A760%7D%7D%2C%22alternates%22%3A%7B%22com_escenic_master%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_LANDSCAPE%22%3A%7B%22auto%22%3Afalse%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE_30_26%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_WIDE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_SQUARE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22ORIGINAL%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22BASE_FREE%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%2C%22poi%22%3A%7B%22auto%22%3Anull%2C%22top%22%3A0%2C%22left%22%3A0%7D%2C%22BASE_PORTRAIT%22%3A%7B%22auto%22%3Anull%2C%22x%22%3A0%2C%22width%22%3A0%2C%22y%22%3A0%2C%22height%22%3A0%7D%7D%7D%7D%5D%2C%22sections%22%3A%5B%7B%22parent%22%3A%7B%22parent%22%3Anull%2C%22uniqueName%22%3A%22ece_frontpage%22%2C%22name%22%3A%22Home%22%2C%22directoryName%22%3A%22frontpage%22%7D%2C%22uniqueName%22%3A%22companies-markets%22%2C%22name%22%3A%22Companies%20%26%20Markets%22%2C%22href%22%3A%22https%3A%2F%2Fbusinesstimes.cue-prd.sphnet.com.sg%2Fcompanies-markets%2F%22%2C%22parameters%22%3A%5B%5D%2C%22directoryName%22%3A%22companies-markets%22%7D%5D%7D%5D%2C%22sort%22%3A%5B0%2C1728971228000%5D%2C%22shortUrl%22%3A%22https%3A%2F%2Fbt.sg%2FnZem%22%7D%7D%7D%2C%22sectionNews%22%3A%5B%7B%22id%22%3A%225888334%22%2C%22title%22%3A%22Bain%20Capital%20ends%20acquisition%20battle%20with%20KKR%20for%20Fuji%20Soft%22%2C%22created%22%3A%222025-02-17T06%3A17%3A59.000Z%22%2C%22edited%22%3A%222025-02-17T06%3A18%3A16.000Z%22%2C%22updated%22%3A%222025-02-17T06%3A18%3A16.000Z%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fbain-capital-ends-acquisition-battle-kkr-fuji-soft%22%2C%22slug%22%3A%22%2Fcompanies-markets%2Fbain-capital-ends-acquisition-battle-kkr-fuji-soft%22%7D%2C%7B%22id%22%3A%225888262%22%2C%22title%22%3A%22ECB%20watchers%20are%20now%20forecasting%20even%20lower%20rates%20for%202026%22%2C%22created%22%3A%222025-02-17T06%3A02%3A17.000Z%22%2C%22edited%22%3A%222025-02-17T06%3A02%3A43.000Z%22%2C%22updated%22%3A%222025-02-17T06%3A02%3A41.000Z%22%2C%22urlPath%22%3A%22%2Finternational%2Fecb-watchers-are-now-forecasting-even-lower-rates-2026%22%2C%22slug%22%3A%22%2Finternational%2Fecb-watchers-are-now-forecasting-even-lower-rates-2026%22%7D%2C%7B%22id%22%3A%225888092%22%2C%22title%22%3A%22Evergrande%2C%20HNA%20units%20ordered%20to%20liquidate%20by%20Hong%20Kong%20judge%22%2C%22created%22%3A%222025-02-17T05%3A32%3A38.000Z%22%2C%22edited%22%3A%222025-02-17T05%3A34%3A25.000Z%22%2C%22updated%22%3A%222025-02-17T05%3A34%3A22.000Z%22%2C%22urlPath%22%3A%22%2Finternational%2Fglobal%2Fevergrande-hna-units-ordered-liquidate-hong-kong-judge%22%2C%22slug%22%3A%22%2Finternational%2Fglobal%2Fevergrande-hna-units-ordered-liquidate-hong-kong-judge%22%7D%2C%7B%22id%22%3A%225875527%22%2C%22title%22%3A%22Singapore%E2%80%99s%20subdued%20IPO%20scene%20set%20for%20a%20rebound%20in%202025%3A%20analysts%22%2C%22created%22%3A%222025-02-14T00%3A41%3A42.000Z%22%2C%22edited%22%3A%222025-02-17T05%3A30%3A33.000Z%22%2C%22updated%22%3A%222025-02-17T05%3A30%3A30.000Z%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fsingapores-subdued-ipo-scene-set-rebound-2025-analysts%22%2C%22slug%22%3A%22%2Fcompanies-markets%2Fsingapores-subdued-ipo-scene-set-rebound-2025-analysts%22%7D%2C%7B%22id%22%3A%225887912%22%2C%22title%22%3A%22Shipping%20giants%20urge%20watchdog%20to%20avoid%20biofuels%20in%20clean-up%20push%22%2C%22created%22%3A%222025-02-17T04%3A42%3A23.000Z%22%2C%22edited%22%3A%222025-02-17T04%3A45%3A12.000Z%22%2C%22updated%22%3A%222025-02-17T04%3A45%3A09.000Z%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Ftransport-logistics%2Fshipping-giants-urge-watchdog-avoid-biofuels-clean-push%22%2C%22slug%22%3A%22%2Fcompanies-markets%2Ftransport-logistics%2Fshipping-giants-urge-watchdog-avoid-biofuels-clean-push%22%7D%2C%7B%22id%22%3A%225887802%22%2C%22title%22%3A%22Indonesia%E2%80%99s%20INA%2C%20Japan%E2%80%99s%20DBJ%20launch%20hybrid%20fund%20for%20mid-sized%20businesses%22%2C%22created%22%3A%222025-02-17T04%3A23%3A22.000Z%22%2C%22edited%22%3A%222025-02-17T04%3A23%3A31.000Z%22%2C%22updated%22%3A%222025-02-17T04%3A23%3A31.000Z%22%2C%22urlPath%22%3A%22%2Finternational%2Fasean%2Findonesias-ina-japans-dbj-launch-hybrid-fund-mid-sized-businesses%22%2C%22slug%22%3A%22%2Finternational%2Fasean%2Findonesias-ina-japans-dbj-launch-hybrid-fund-mid-sized-businesses%22%7D%2C%7B%22id%22%3A%225887687%22%2C%22title%22%3A%22MBS%20gets%20record%20S%2412%20billion%20loan%3B%20DBS%2C%20OCBC%2C%20UOB%2C%20Maybank%20coordinating%20facility%22%2C%22created%22%3A%222025-02-17T04%3A01%3A35.000Z%22%2C%22edited%22%3A%222025-02-17T04%3A01%3A53.000Z%22%2C%22updated%22%3A%222025-02-17T04%3A01%3A50.000Z%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fmbs-gets-record-s12-billion-loan-dbs-ocbc-uob-maybank-coordinating-facility%22%2C%22slug%22%3A%22%2Fcompanies-markets%2Fmbs-gets-record-s12-billion-loan-dbs-ocbc-uob-maybank-coordinating-facility%22%7D%2C%7B%22id%22%3A%225886884%22%2C%22title%22%3A%22Australian%20unit%20of%20ComfortDelGro%20probes%C2%A0media%20allegations%20of%20wrongful%20conduct%20%22%2C%22created%22%3A%222025-02-17T01%3A31%3A53.000Z%22%2C%22edited%22%3A%222025-02-17T03%3A46%3A13.000Z%22%2C%22updated%22%3A%222025-02-17T01%3A41%3A50.000Z%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Faustralian-unit-comfortdelgro-probes-media-allegations-wrongful-conduct%22%2C%22slug%22%3A%22%2Fcompanies-markets%2Faustralian-unit-comfortdelgro-probes-media-allegations-wrongful-conduct%22%7D%2C%7B%22id%22%3A%225886667%22%2C%22title%22%3A%22SingPost%20appoints%20former%20execs%20of%20SGX%20and%20SIA%20Engineering%20as%20non-executive%2C%20independent%20directors%22%2C%22created%22%3A%222025-02-17T00%3A13%3A13.000Z%22%2C%22edited%22%3A%222025-02-17T03%3A28%3A25.000Z%22%2C%22updated%22%3A%222025-02-17T00%3A40%3A01.000Z%22%2C%22urlPath%22%3A%22%2Fcompanies-markets%2Fsingpost-appoints-former-execs-sgx-and-sia-engineering-non-executive-independent-directors%22%2C%22slug%22%3A%22%2Fcompanies-markets%2Fsingpost-appoints-former-execs-sgx-and-sia-engineering-non-executive-independent-directors%22%7D%5D%2C%22seeAlso%22%3A%7B%22articleId%22%3A%225837604%22%2C%22title%22%3A%22HSBC%20upgrades%20Grab%20to%20%E2%80%98buy%E2%80%99%20on%20attractive%20valuations%2C%20growth%20drivers%20ahead%22%2C%22slug%22%3A%22%2Fcompanies-markets%2Fhsbc-upgrades-grab-buy-attractive-valuations-growth-drivers-ahead%22%7D%2C%22isPreview%22%3Afalse%7D%7D%7D\"},\"actionData\":null,\"errors\":null}");</script></div> <div id="mysph" lan="en" svc="bts"></div> <script type="text/javascript"> var _mySPHObj; </script> </body> </html>