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JEP's acting CEO charts new flight plan

Andy Luong plans to turn the firm around in 1½ years as he hunts for new deals

Nisha Ramchandani

Published Wed, Jun 13, 2018 · 09:50 PM

Singapore

JEP Holdings's acting chief executive officer has plans to turn the business around in the next 18 months as it restructures its operations and goes on the hunt for new business opportunities.

On June 1, Catalist-listed JEP appointed executive chairman Andy Luong as acting CEO, while former CEO Joe Lau stepped down. Mr Luong is also the founder and chief executive officer of mainboard-listed precision engineering firm UMS Holdings.

In January this year, UMS scooped up a near 30 per cent stake in cash-strapped JEP in order to dive…

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