Dyna-Mac secures new fabrication order worth S$135m

Production to commence in late 3Q2013.

The Board of Directors of Dyna-Mac Holdings Ltd (Dyna-Mac) wishes to announce that the Group has secured a new fabrication order for a provisional sum of S$135 million.

The order is from our regular client for the fabrication of topside module of various sizes, manifolds and flare towers for two FPSOs to be carried out in both our yards in Singapore and Guangzhou, China. Production will commence in late 3Q2013.

The above orders are expected to have a positive contribution to Dyna-Mac’s earnings per share for the year ending 31 December 2013. However, the contracts are not expected to have a material impact on Dyna-Mac’s net tangible assets per share for the year ending 31 December 2013.