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UMS Holdings acquires 7.48% stake in JEP Holdings for $5.7 mil

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UMS Holdings acquires 7.48% stake in JEP Holdings for $5.7 mil

Samantha Chiew Published on Tue, Jan 16, 2018 / 6:41 PM GMT+8

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SINGAPORE (Jan 16): UMS Holdings, the precision engineering company, today announced that it has acquired a 7.48% stake or 109 million ordinary shares in JEP Holding for $5.7 million.

The shares were acquired through the open market.

The group satisfied the consideration in cash, funded through internal resources.

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