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MANUFACTURING | Staff Reporter, Singapore

UMS Holdings bought 7.48% JEP Holdings shares for $5.7m

UMS now has a total of 109m JEP ordinary shares in the open market.

UMS Holdings shelled out $5.7m to buy 7.48% of the issued share capital of JEP. Shares were funded by internal resources, and were paid in cash.

JEP shares closed at 1.6% (0.1 cents down at 6 cents). With a total of $375.2m, JEP Holdings had the most active shares in the market.

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