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JEP Holdings
20-07-2018, 02:38 PM.
Post: #1
JEP Holdings
JEP: Look out for sweeping changes under Andy Luong

Written by The NextInsight Team
Published: 20 July 2018

To Andy Luong, the new controlling shareholder of JEP Holdings, the company's new HQ at Seletar Aerospace Park is a white elephant, according to a report in The Edge Singapore

The 16-22 July edition of the weekly quotes Luong saying Singapore is not a cost-competitive location for JEP. He wants to relocate the operations to Penang.

"(In) the last six months, (we have been trying) to understand the root cause of why the company isn't making money. We are basically (attempting) to rightsize the management and operations."

In FY2017, JEP earned $825,000 in net profit on $86.1 million of revenue.

Luong is the chairman and CEO of UMS Holdings, which acquired a 29.5% stake in JEP in January this year from insiders for $28.2 million cash.

More details in https://nextinsight.net/story-archive-ma...andy-luong

As at 31 December 2017
Revenue = $86.09 Million
EBITDA = $6.95 Million
Net profit = $0.8 Million
EPS = 0.067 cents
Total Asset = $117.2 Million
NAV per share = 3.2 cents
Specuvestor: Asset - Business - Structure.

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