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UMS Holdings buys 7.5% stake in JEP Holdings

Published Tue, Jan 16, 2018 · 09:50 PM

Singapore

PRECISION engineering company UMS Holdings has bought a 7.48 per cent stake in JEP Holdings for S$5.7 million.

The mainboard-listed firm said in a filing to the Singapore Exchange (SGX) after markets closed on Tuesday that it has bought a total of 109 million JEP shares in the open market.

None of its directors or substantial shareholders have any direct or indirect interest in the transaction, said UMS, adding that the purchase was funded by internal resources and satisfied in cas…

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