SINGAPORE (Sept 3): UMS Holdings has been steadily increasing its hold on JEP Holdings, a listed company that it controls. On Aug 27, it acquired two million JEP shares via a married deal at 19.5 cents each. On the same day, UMS also bought 100,000 shares at 20 cents each from the open market, bringing its stake in the company to just over 111.2 million shares, or 28.95%.

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