IFAs give their verdicts on offers for JEP, 800 Super Holdings
Add BT as a preferred source
Fiona Lam
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
