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Hi bernardc, I know the positive impact of Hanwha on Dyna. I was asking hschsc about his post on Hanwha below. Not sure what was his/her purpose of posting the article. Hoping that he /she can explain.

bernardc      ( Date: 12-May-2024 10:42) Posted: More business from Hanwha for a start...n biz is looking great with this big brother .. The future going to be very positive..DYPDD stlimst      ( Date: 12-May-2024 10:00) Posted: Err....what is the impact or implications to Dyna Mac's business or share price ? Care to elaborate? Thank you

 

More business from Hanwha for a start...n biz is looking great with this big brother .. The future going to be very positive..DYPDD

stlimst      ( Date: 12-May-2024 10:00) Posted: Err....what is the impact or implications to Dyna Mac's business or share price ? Care to elaborate? Thank you. hschsc      ( Date: 11-May-2024 18:28) Posted: South Korea&rsquo s third-largest shipbuilder, Hanwha Ocean, reports work was suspended at its shipyard facility in Okpo after a fatal accident. An investigation is underway with the yard expected to remain closed until government officials determine the cause and prescribe preventative steps to be taken at the facility. According to the reports, there was an explosion in one of the fabrication shops at the shipyard on Friday, January 12.   At approximately 3:20 p.m. there was an explosion in the facility working on manufacturing rudder. A subcontractor in the facility, a 28-year old man, whose name and nationality were not released, was hit by debris from the explosion. His body was knocked across the shop. The individual was taken to the hospital for treatment but succumbed to his injuries. Hanwha Ocean reported this morning, January 15, that production at the Okpo yard has been suspended and that the resumption date will be determined based on the results of the investigation and only after it receives permission from the Ministry of Employment and Labor.  Immediately after the incident, the company says it informed the police and the Ministry of Employment and Labor. It is believed to have been a gas explosion possibly from a ruptured line, but the investigation will determine the cause and what steps the shipyard is required to take to prevent another similar incident. Hanwha Ocean advised in a stock exchange filing that it expects &ldquo some production disruptions.&rdquo The shipyard reportedly missed its 2023 order target as the company transitions from the former Daewoo Shipbuilding & Marine Engineering to Hanwha Ocean after a controlling interest and management of the company were sold by the government-controlled banks which were the creditors and largest investors in the former DSME. Korea Development Bank had said at the time of the sale that it believed investments were required in the yard&rsquo s operations to maintain its competitiveness. Hanwha Ocean and Samsung Heavy Industries recently entered into a cooperation agreement. The unusual agreement between competitors will have Hanwha Ocean produce blocks for containerships being built at the Samsung yard. Recent reports denied by Hanwha Ocean said the shipyard is focusing on high-value contracts deciding to forego containerships that have lower margins. Hanwha Ocean emphasized that it has a large backlog while its new parent company looks to increase naval work and realize opportunities with its work in military systems.

 

Err....what is the impact or implications to Dyna Mac's business or share price ? Care to elaborate?
Thank you.

hschsc      ( Date: 11-May-2024 18:28) Posted: South Korea&rsquo s third-largest shipbuilder, Hanwha Ocean, reports work was suspended at its shipyard facility in Okpo after a fatal accident. An investigation is underway with the yard expected to remain closed until government officials determine the cause and prescribe preventative steps to be taken at the facility. According to the reports, there was an explosion in one of the fabrication shops at the shipyard on Friday, January 12.   At approximately 3:20 p.m. there was an explosion in the facility working on manufacturing rudder. A subcontractor in the facility, a 28-year old man, whose name and nationality were not released, was hit by debris from the explosion. His body was knocked across the shop. The individual was taken to the hospital for treatment but succumbed to his injuries. Hanwha Ocean reported this morning, January 15, that production at the Okpo yard has been suspended and that the resumption date will be determined based on the results of the investigation and only after it receives permission from the Ministry of Employment and Labor.  Immediately after the incident, the company says it informed the police and the Ministry of Employment and Labor. It is believed to have been a gas explosion possibly from a ruptured line, but the investigation will determine the cause and what steps the shipyard is required to take to prevent another similar incident. Hanwha Ocean advised in a stock exchange filing that it expects &ldquo some production disruptions.&rdquo The shipyard reportedly missed its 2023 order target as the company transitions from the former Daewoo Shipbuilding & Marine Engineering to Hanwha Ocean after a controlling interest and management of the company were sold by the government-controlled banks which were the creditors and largest investors in the former DSME. Korea Development Bank had said at the time of the sale that it believed investments were required in the yard&rsquo s operations to maintain its competitiveness. Hanwha Ocean and Samsung Heavy Industries recently entered into a cooperation agreement. The unusual agreement between competitors will have Hanwha Ocean produce blocks for containerships being built at the Samsung yard. Recent reports denied by Hanwha Ocean said the shipyard is focusing on high-value contracts deciding to forego containerships that have lower margins. Hanwha Ocean emphasized that it has a large backlog while its new parent company looks to increase naval work and realize opportunities with its work in military systems.

 

South Korea&rsquo s third-largest shipbuilder, Hanwha Ocean, reports work was suspended at its shipyard facility in Okpo after a fatal accident. An investigation is underway with the yard expected to remain closed until government officials determine the cause and prescribe preventative steps to be taken at the facility.

According to the reports, there was an explosion in one of the fabrication shops at the shipyard on Friday, January 12.   At approximately 3:20 p.m. there was an explosion in the facility working on manufacturing rudder. A subcontractor in the facility, a 28-year old man, whose name and nationality were not released, was hit by debris from the explosion. His body was knocked across the shop. The individual was taken to the hospital for treatment but succumbed to his injuries.

Hanwha Ocean reported this morning, January 15, that production at the Okpo yard has been suspended and that the resumption date will be determined based on the results of the investigation and only after it receives permission from the Ministry of Employment and Labor. 

Immediately after the incident, the company says it informed the police and the Ministry of Employment and Labor. It is believed to have been a gas explosion possibly from a ruptured line, but the investigation will determine the cause and what steps the shipyard is required to take to prevent another similar incident.

Hanwha Ocean advised in a stock exchange filing that it expects &ldquo some production disruptions.&rdquo

The shipyard reportedly missed its 2023 order target as the company transitions from the former Daewoo Shipbuilding & Marine Engineering to Hanwha Ocean after a controlling interest and management of the company were sold by the government-controlled banks which were the creditors and largest investors in the former DSME. Korea Development Bank had said at the time of the sale that it believed investments were required in the yard&rsquo s operations to maintain its competitiveness.

Hanwha Ocean and Samsung Heavy Industries recently entered into a cooperation agreement. The unusual agreement between competitors will have Hanwha Ocean produce blocks for containerships being built at the Samsung yard. Recent reports denied by Hanwha Ocean said the shipyard is focusing on high-value contracts deciding to forego containerships that have lower margins. Hanwha Ocean emphasized that it has a large backlog while its new parent company looks to increase naval work and realize opportunities with its work in military systems.

 

Just googled Hanwha. It is a HUGE conglomerate.
Hanwha Ocean is much bigger than Keppel and is the perfect fit for Dyna Mac. Being a substantial shareholder will definitely raise the business and profile of Dyna Mac.

This is about the best news for Dyna Mac...for awhile there were concerns about how Keppel will divest it's stake in Dyna Mac and who will end up taking over the big stake.

Dyna Mac will fly. Let's see how high the share price will go.

Have a good weekend.

bernardc      ( Date: 11-May-2024 11:13) Posted: With Hanwha...taking a stake... The sky is the limit..look out for the explosives rise of dynamac..the explosives provided by Hanwha...80 cts?? ... Wow...hope it goes there soon... Don't miss out this opportunity... All huart liaow...Monday will see a upgrading of dynamac...DYODD stlimst      ( Date: 11-May-2024 09:43) Posted: Yes, willing buyer willing seller basis. What is more significant is that the buyer is Hanwa. The synergy will bring Dyna to the next level. Hold on to this investment, the return will be great

 

With Hanwha...taking a stake... The sky is the limit..look out for the explosives rise of dynamac..the explosives provided by Hanwha...80 cts?? ... Wow...hope it goes there soon... Don't miss out this opportunity... All huart liaow...Monday will see a upgrading of dynamac...DYODD

stlimst      ( Date: 11-May-2024 09:43) Posted: Yes, willing buyer willing seller basis. What is more significant is that the buyer is Hanwa. The synergy will bring Dyna to the next level. Hold on to this investment, the return will be great. MrBear12      ( Date: 11-May-2024 08:49) Posted: Keppel disposed their 24 percent share for 40 cents a share on 9th May. Its done deal off market. Very gentlemanly done

 

Yes, willing buyer willing seller basis.
What is more significant is that the buyer is Hanwa.
The synergy will bring Dyna to the next level.
Hold on to this investment, the return will be great.

MrBear12      ( Date: 11-May-2024 08:49) Posted: Keppel disposed their 24 percent share for 40 cents a share on 9th May. Its done deal off market. Very gentlemanly done

 

Keppel has already existed the O&G business . They are now into renewable energy and asset management. dyna is no dependent on Keppel for contracts.

hschsc      ( Date: 11-May-2024 07:24) Posted: No more contract from Kepple. How? piscesmonkey      ( Date: 10-May-2024 18:00) Posted: Look like keppel exit liao maybe can get 30cents?

 

Keppel disposed their 24 percent share for 40 cents a share on 9th May. Its done deal off market. Very gentlemanly done

 

Sure transactions can double up the share price to $0.80 overtime.

 

Why this counter has any relationship with Keppel?is Keppel the majority shareholder?
Keppel exit can get 30cents??? please explain.
 

hschsc      ( Date: 11-May-2024 07:24) Posted: No more contract from Kepple. How? piscesmonkey      ( Date: 10-May-2024 18:00) Posted: Look like keppel exit liao maybe can get 30cents?

 

No more contract from Kepple. How?

piscesmonkey      ( Date: 10-May-2024 18:00) Posted: Look like keppel exit liao maybe can get 30cents?

 

The warrant will be worth much more than 30 cents come 22 July 2024.Having Korean ship building juggernaut as a major shareholder will boost Dyna Mac business potential exponentially.
Expect more contract wins along the way.
Having faith in Dyna Mac.

TraderBen      ( Date: 10-May-2024 20:52) Posted: Changed hands might be a good thing. Now Koreans want a share of the sg pie. Means dynamac will have more Korean contracts as well. Bodes well with the current good vibes in the o&g sector. Might even pull Kim Heng along as they recently sign a joint venture. Anything with keppel inside might hinder it?s growth. I see it as a positive move. DYODD piscesmonkey      ( Date: 10-May-2024 18:00) Posted: Look like keppel exit liao maybe can get 30cents?

 

Changed hands might be a good thing. Now Koreans want a share of the sg pie. Means dynamac will have more Korean contracts as well. Bodes well with the current good vibes in the o&g sector. Might even pull Kim
Heng along as they recently sign a joint venture. Anything with keppel inside might hinder it?s growth. I see it as a positive move.

DYODD

piscesmonkey      ( Date: 10-May-2024 18:00) Posted: Look like keppel exit liao maybe can get 30cents?

 

👍 👍 👍

aragosta      ( Date: 10-May-2024 17:56) Posted: --- Post Removed by User ---

 

Look like keppel exit liao maybe can get 30cents?

 

Keppel has divested its 23.91% stake in Dyna-Mac Holdings NO4 2.78% to entities controlled by Korean conglomerate Hanwha in a married deal for $100 million.

 

noted with thanks

din attend the agm, so din know abt that

 

aragosta      ( Date: 10-May-2024 17:36) Posted: --- Post Removed by User ---

 

keppel really totally wanna exit the o& g biz.

 

my viewpoint only

dyodd pls

huattuatua      ( Date: 10-May-2024 17:24) Posted: if this belongs to keppel, den i think it doesnt bode well for dyna mac but now the buyer needs to disclose liao bernardc      ( Date: 10-May-2024 17:19) Posted: Wah wah were.. All huart liaow...Christmas comes early ... Huat argh.. Monday Cheong liao