IFAs give their verdicts on offers for JEP, 800 Super Holdings
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Fiona Lam
Singapore
THE independent financial adviser (IFA) for Catalist-listed JEP Holdings said on Monday after trading hours that the financial terms of the S$0.15 per share offer and the S$0.074 warrants offer by mainboard-listed precision engineering firm UMS Holdings' are "not fair and not reasonable".
In a circular to JEP Holdings' shareholders, IFA Provenance Capital advised independent directors to recommend that shareholders reject the offer, and for warrant holders to take no action and let the warrants offer lapse.
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