Turnaround Champ Sets Sights on Fuji Offset

Lim Ah Cheng orchestrated one of the most impressive corporate turnarounds in recent memory.

When he took over as CEO of Dyna-Mac in 2020, the company was in crisis. Its founder had just passed away, and cash flow was so tight that survival beyond the next month was uncertain.

Instead of layoffs or pay cuts, he focused on operational discipline and strategic partnerships. In a bold move, he formed a partnership with a China-based rival, enabling Dyna-Mac to expand its business footprint.

From the edge of bankruptcy, Dyna-Mac roared back to post record profits. Its order book grew to more than S$800 million, eventually drawing a buyout offer from Korean conglomerate Hanwha.

Under AC’s leadership, Dyna-Mac’s share price soared more than tenfold in just four years.

Last week, he made headlines again with his acquisition of a stake in Fuji Offset. The share price has doubled since then.

Ah Cheng LIM