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UMS
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UMS
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actan99
Master |
26-Apr-2021 03:48
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A very good read on some semiconductor companies.   https://dollarsandsense.sg/semiconductor-companies-lam-research-lrcx-asml-holding-nv-asml-micro-mechanics-5dd-aem-holdings-awx/   |
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Starship
Supreme |
22-Apr-2021 18:43
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UMS makes mandatory unconditional offer for JEP at S$0.20 per share THU, APR 22, 2021 - 11:03 AM MAINBOARD-LISTED precision engineering firm UMS Holdings on Wednesday acquired another 13.1 per cent of shares in Catalist-listed JEP Holdings. UMS acquired 54.2 million shares for S$10.8 million, or at S$0.20 per share, from JEP executive director Zee Hoong Huay. The deal raises UMS' s stake in JEP to 53.8 per cent, or 222.6 million shares. This is the highest price UMS has paid for JEP' s ordinary shares in the last six months. (see amendment note) UMS directors believe the offer will help UMS diversify beyond its traditional semiconductor business and to broaden its earnings stream. The company said it may explore business synergies with JEP and tap into growth opportunities in new markets. UMS also said it intends to preserve the listing status of JEP, but that it will assess further options if the public float falls below 10 per cent. Andy Luong, who is chief executive and executive chairman of both UMS and JEP, has a 0.28 per cent direct stake in JEP and deemed interest in all the JEP shares held by UMS. https://www.businesstimes.com.sg/companies-markets/ums-makes-mandatory-unconditional-offer-for-jep-at-s020-per-share |
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Singpost
Master |
22-Apr-2021 15:39
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going to appreciate soon | ||||
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bishan22
Supreme |
22-Apr-2021 13:18
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All the hoo haa...gone... | ||||
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hokpin
Supreme |
22-Apr-2021 11:38
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Thank you, Lobster for your article sharing the history to us!
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Lobster
Elite |
22-Apr-2021 11:25
Yells: "Even Adam Khoo believes in the Black Market!" |
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Once upon a time , Luong expressed his desire to include aerosonic as part of UMS business portfolio, describing it as the next big thing. Then he shelfed the idea for some time due to the industry uncertainty. Then he revived it later after he sensed the industry is coming back. . He bought into JEP instead of starting aerosonic in UMS because he thought that was the faster way, and the boss was his personal friend. Soon friend turned to be no more friends after some internal disputes, as Luong was in disagreement over the way the company was run. His friend was ousted and he took over the reign personally. When asked if there was too much on his plate at an AGM, Luong replied he treated JEP as just part of UMS portfolio, and hinted eventually it would be part of UMS family. Then some China guy entered into the shareholding. And things get complicated and UMS shareholders left things as that, and expected the two companies to remain separate for some time. But last two years Luong has been buying more JEP in the open market, with increased intensity in late last year and beginning this year. Market didn' t expect him to do a coup with Zee. But Luong is known to be a shrewd...and ruthless.. guy. in the long run, IMO, it will be good for UMS. JEP was not doing well at the beginning but he managed to turn it around. At an AGM, he expressed his hope that he will be able to award JEP shareholders the same way he managed to do it at UMS.. I.e. 4 times dividends a year.
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ayy002
Senior |
22-Apr-2021 10:54
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short term will be cash crunch. long term will be good. | ||||
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Singpost
Master |
22-Apr-2021 10:12
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why buy JEP ?  is that good news for UMS > ? |
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Newlearner
Veteran |
22-Apr-2021 00:36
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5.1 Rationale. As set out in paragraph 1 of this Announcement, the Offer is made by the Offeror to comply with the requirements of the Code. 6.1 The Offeror intends to maintain the listing status of the Company, and presently has no intention of exercising its rights of compulsory acquisition under Section 215(1) of the Companies Act, should it be available to it. UMS have to made an offer dued to shareholding exceeded 50% after the acquistion from Zee  
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SgYuan
Supreme |
21-Apr-2021 19:55
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px plunge to 131 and pull back to 136 day conversion 135 this is very critical  px need to stay above 135 if not wc dn day baseline 130
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pkli899
Supreme |
21-Apr-2021 18:51
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![]() Me not  far off.....bought 196k units one go at 24 cents lor. 
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wehuattogether88
Supreme |
21-Apr-2021 18:49
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I think this is better for UMS than for JEP in terms of business strategy. | ||||
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cobrajr
Veteran |
21-Apr-2021 18:47
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KNN bought JEP last time @ $0.28 | ||||
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easywin
Supreme |
21-Apr-2021 18:31
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So tomorrow how far can UMS go? | ||||
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not_98percent
Senior |
21-Apr-2021 18:24
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Win-win for UMS and JEP .............. upon completion of purchase from the vendor, UMS will own 53.79% of JEP thus becoming a subsidiary (instead of associate when ownership is less than 50% where only equity-accounting is done) of UMS and  from (profit-consolidation) accounting stand-point, it is a positive development. Of course, from a decision-making within JEP .... it will be easier too .... esp now for UMS to maximise value and leverage their ownership/investment in JEP by passing on biz to them |
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Lobster
Elite |
21-Apr-2021 18:09
Yells: "Even Adam Khoo believes in the Black Market!" |
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Offer lower than market... no wonder no need trading halt " UOB Kay Hian Private Limited (&ldquo UOBKH&rdquo ) wishes to announce, for and behalf of UMS Holdings Limited that, the Offeror has on 21 April 2021 acquired 54,229,355 ordinary shares in the capital of JEP Holdings Ltd. from Zee Hoong Huay (&ldquo Vendor&rdquo ) at S$0.20 per Share representing approximately 13.10% of the total number of issued and paid-up Shares of the Company." |
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zandlery
Supreme |
21-Apr-2021 18:09
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It's a neutral news. Not someone offer to UMS.
UMS alrd been known a major shareholder in JEP. Offer price 20c but JEP jump to 22c. Wonder tmr JEP will drop back or not. If does good luck to those new shareholders that thought something coming
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SgTrader17
Elite |
21-Apr-2021 18:02
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Good news, General Offer.
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l_tan888
Veteran |
21-Apr-2021 17:26
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So, it' s going to be good news for JEP but bad news for UMS?
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pkli899
Supreme |
21-Apr-2021 17:23
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JEP average volume hardly rget to 1 m.......but today 27 m! Price went up 10% also. Surely something to do with it. |
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