Singapore's Dyna-Mac founder accepts S Korean Hanwha's revised buyout bid

Singapore's Dyna-Mac founder accepts S Korean Hanwha's revised buyout bid

FILE PHOTO: The logo of Hanwha is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo

The largest shareholder of Singapore’s Dyna-Mac said on Tuesday it will tender its entire stake in the oil contractor, following South Korean conglomerate Hanwha Group’s increased takeover offer of S$790.6 million ($599.44 million).