In April 2021, the Firm represented UMS Holdings Limited, a SGX-Mainboard listed company, (“UMS” or “Offeror”) in respect of the mandatory unconditional cash offer by UOB Kay Hian Private Limited for and on behalf of UMS in a take-over transaction valued at approximately S$38 million. The mandatory unconditional cash offer was triggered following the acquisition by UMS from Mr Zee Hoong Huay (“Seller”), of the latter’s shareholding interest in JEP Holdings Ltd. (“Offeree”) for approximately S$10.8 million. The Offeror and Offeree are SGX-listed entities. UMS was incorporated in Singapore on 17 January 2001 and is listed on the Mainboard of the SGX-ST. UMS and its subsidiaries are principally engaged in the business of manufacturing precision machining components and equipment.
Partner Claudia Teo, Senior Associates, Valerie Boh and Tan Tien Wei and Associate Howard Goh advised on the transaction.