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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 made an offer dued to shareholding exceeded 50% after the acquistion from Zee
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 made an offer dued to shareholding exceeded 50% after the acquistion from Zee
This looks like unfair with minority shareholdrs who put their trust to the company.
Why yesterday no trading halt? Is this not a material information/news? Those who rushed in tor buy above 0.20 got hit because management of JEP did nothing to this major news.
Why yesterday no trading halt? Is this not a material information/news? Those who rushed in tor buy above 0.20 got hit because management of JEP did nothing to this major news.
JEP Holdings receives unconditional offer from UMS Holdings at 20 cents per share
Catalist-listed JEP Holdings has received an unconditional cash offer from Mainboard-listed UMS Holdings, after the latter acquired 54.2 million shares in the company&rsquo s capital from Zee Hoong Huay for a consideration of $10.8 million, or 20 cents per share.
The number of shares represents around 13.1% of the total number of issued and paid-up shares of JEP Holdings.
The consideration was arrived at on a willing-buyer and willing-seller basis, which also took into account the prevailing market price of the shares.
The acquisition was completed on April 21.
Following the acquisition, UMS now owns 222.6 million &ndash or 53.79% -- of the total number of issued and paid-up shares in JEP Holdings, and will make a mandatory unconditional cash offer for the remaining shares in the company at 20 cents per share.
The offer will be extended to all the issued and paid-up ordinary shares held by shareholders in the company, other than those held in treasury.
UMS says it does not intend to revise the offer price, or any other terms in the offer.
The offer price of 20 cents represents the highest price paid by UMS for JEP&rsquo s ordinary shares during the six-month period before April 21.
It also represents a 0.7% premium to the volume weighted average price (VWAP) of the shares traded for the one-month period before the acquisition on the SGX.
The price represents a 1.7% premium to the VWAP of shares trading for the three- and six-month period respectively.
The offer shares will be acquired with the right to receive any distribution for the record date which falls on or after April 21, which means the offer price payable to a JEP shareholder may be reduced according to the amount of the distribution.
If the offer settlement date falls on or before the record date, UMS will pay shareholders the unadjusted offer price per share, and will receive the distribution in respect of such shares.
According to the statement, the directors of UMS Holdings says the offer is an opportunity for the company to diversify beyond its traditional semiconductor business, &ldquo broaden its earnings stream and may provide synergistic benefits&rdquo .
UMS may explore business synergies with JEP Holdings and tap into growth opportunities in new markets.
It adds that it has no intention to make material changes to JEP&rsquo s existing business and its subsidiaries.
Following the takeover, JEP will remain listed. UMS says it does not intend to exercise its rights of compulsory acquisition under Section 215(1) of the Companies Act, where it has the right to acquire shares of shareholders who have not accepted an offer for their shares.
Luong Andy, who is a director of both UMS and JEP, will abstain from making decisions related to the offer.
As at April 21, UMS has received an irrevocable undertaking from Luong and his associates to reject the offer of 1.15 million shares, which will be valid till the close of the offer.
See sold his stakes to UMS at $0.2....
Joelton ( Date: 21-Dec-2020 09:29) Posted:
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JEP Holdings
On Dec 11, JEP Holdings executive director Zee Hoong Huay acquired 100,000 shares of the company for a consideration of S$19,500.
This increased his total interest in JEP Holdings from 15.78 per cent to 15.80 per cent.
It followed his acquiring 195,700 shares at 19.61 cents per share between Dec 4 and 9 and 193,800 shares between Dec 1 and 3 at 19.65 cents per share.
Mr Zee is a veteran in the metal tooling and precision engineering industries.
JEP Holdings is a leading solutions provider of precision machining and engineering services, with a primary focus on the aerospace industry with over 30 years of operating history.
JEP Holdings
Between Dec 4 and 9, JEP Holdings executive director Zee Hoong Huay acquired 195,700 shares of the company for a consideration of S$38,369 at an average price of 19.61 cents per share. This increased his total interest in JEP Holdings from 15.73 per cent to 15.78 per cent.
It followed his acquiring a similar amount of shares between Dec 1 and 3 at 19.65 cents per share.
Mr Zee is a veteran in the metal tooling and precision engineering industries. JEP Holdings is a leading solutions provider of precision machining and engineering services, with a primary focus on the aerospace industry with over 30 years of operating history.
Including today' s announcement, he have since bought back a total of 489,500 shares...... His sideline as a short term trader.... 
Newlearner ( Date: 04-Dec-2020 23:52) Posted:
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JEP Holdings
Between Dec 1 and 3, JEP Holdings executive director Zee Hoong Huay acquired 193,800 shares of the company for a consideration of S$38,085 at an average price of 19.65 cents per share.
This increased his total interest in JEP Holdings from 15.68 per cent to 15.73 per cent.
This followed his acquiring 100,000 shares at 20 cents per share on Nov 24.
Mr Zee is a veteran in the metal tooling and precision engineering industries.
JEP Holdings is a leading solutions provider of precision machining and engineering services, with a primary focus on the aerospace industry with over 30 years of operating history.
He bought another 50k shares, total 293,800 shares.....
Newlearner ( Date: 04-Dec-2020 00:21) Posted:
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Weirdly, Mr Zee recently sold 413,600 shares through open market, but had since bought back 243,800 shares.....
Between Nov 19 and 23, UMS Holdings increased its total interest in JEP Holdings from 40.26 per cent to 40.69 per cent.
UMS Holdings acquired 1,743,900 shares, for a consideration of S$348,186 at 20.0 cents per share.
This also increased the total interest of JEP Holdings executive chairman, Andy Luong, from 40.54 per cent to 40.97 per cent.
Mr Luong holds 20.44 per cent of the issued share capital of UMS Holdings and 0.28 per cent of the issued share capital of JEP Holdings.
He also serves as the executive chairman and chief executive officer of UMS Holdings and has more than 20 years of experience in manufacturing front-end semiconductor components.
Listed on Catalist, JEP Holdings is a leading solutions provider of precision machining and engineering services, with a primary focus on the aerospace industry.
On Nov 24, JEP Holdings executive director Zee Hoong Huay also acquired 100,000 shares at 20 cents per share.
Mr Zee maintains a 15.68 per cent total interest in JEP Holdings and is a veteran in the metal tooling and precision engineering industries.
JEP Holdings is a leading solutions provider of precision machining and engineering services, with a primary focus on the aerospace industry with over 30 years of operating history.
VESTED 21 today...hope can chiong up!!!
Any news???
wait a bit, 3 segments of biz. 1 of which is related/supplying/selling to semicon' s. the other 2 are in aviation and oil& gas.
Heng1420 ( Date: 29-Jul-2020 16:39) Posted:
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Can this one follow UMS to move? Stuck here for so long already.
JEP Holdings
On July 16, JEP Holdings executive director Zee Hoong Huay acquired 105,000 shares of the Catalist-listed company for a consideration of S$20,790. At 19.8 cents per share, this increased his total interest in JEP Holdings from 15.73 per cent to 15.76 per cent.
Mr Zee is a veteran in the metal tooling and precision engineering industries with over 30 years of industrial experience.
UMS Holdings also increased its total interest in JEP Holdings from 39.81 per cent to 39.85 per cent between July 15 and 16. UMS Holdings acquired 194,500 shares, for a consideration of S$38,120 at 19.6 cents per share.
This also increased the total JEP Holding' s interest of its executive chairman, Andy Luong, from 40.09 per cent to 40.13 per cent. This is because he holds 20.79 per cent of the issued share capital of UMS Holdings and 0.28 per cent of the issued share capital of JEP Holdings.
Mr Luong also serves as the executive chairman and CEO of UMS Holdings and has more than 20 years of experience in manufacturing front-end semiconductor components.
JEP Holdings is a leading solutions provider of precision machining and engineering services, with a primary focus on the aerospace industry.
Recall one forumner on the JEP/UMS thread a few months back spouting his views not to buy either, how he sold out UMS, how the share prices were going down given the outlook, etc.
then this naysayer apparently went to another thread for sympathy after having got called out for not understanding either the markets or companies.
beware the folk who do not understand what they are talking about. they may cause you to miss a 50-100% run-up and more out of sheer ignorance!
then this naysayer apparently went to another thread for sympathy after having got called out for not understanding either the markets or companies.
beware the folk who do not understand what they are talking about. they may cause you to miss a 50-100% run-up and more out of sheer ignorance!
johnng ( Date: 23-Jul-2020 12:08) Posted:
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hopenot dist
Accumulation at 205-21
look weak leh