(MENAFN) Dubai Drydocks World (DDW), which has received acceptances of 92.29 percent of shares of Singapore-based Pan United Marine (PUM), announced that it was preparing to exercise its option to acquire 100 percent ownership of the company, Khaleej Times reported. Under its original voluntary conditional cash offer, DDW, Dubai World's global shipyard operator, enjoys the right to seek total control of PUM through compulsory acquisition of the remaining shares if 90 percent of shareholders accepted its offer, a company statement said. For DDW, which has extended the deadline of its takeover offer for PUM after acquiring control of almost 85 percent of the marine company, the Singapore foray its first major overseas acquisition that allows it to diversify its operations beyond the Middle East.