Singapore's UMS set to acquire stake in JEP Holdings from Ellipsiz for $4.81m

Singapore's UMS set to acquire stake in JEP Holdings from Ellipsiz for $4.81m

The SGX Centre at Shenton Way. Credit: DealStreetAsia

Singapore-based investment holding company UMS Holdings Limited (UMS) is making a mandatory conditional cash offer to acquire the remaining issued and paid-up shares of its associate company SGX Catalist Board-listed JEP Holdings Limited (JEP).

The acquisition will be made via purchase of a stake in Ellipsiz and the deal size is pegged at S$6.58 million ($4.81 million).

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