SGX:558

3 stories mentioning SGX:558Updated 10d ago

Every FINWIRES story that references SGX:558, newest first.

UMS Integration Enters MoU to Acquire Majority Stake in Vietnam-Based Precision Engineering Business

UMS Integration (SGX:558) signed a memorandum of understanding to invest in and consolidate three Vietnamese precision engineering companies to form a single company, according to an after-market filing with the Singapore Exchange on Friday.The company is looking to acquire Viet Nguyen Mechanical Precision Company, Central Metal Mechanical Company and Global Metal Plating Company for a total investment amount of around $3.6 million, against a 51.6% stake through a new company.The acquisition is part of the company's strategy to enhance its presence in Vietnam.Meanwhile, the agreement is presently non-binding and subject to due diligence and execution of definitive agreements.

SGX:558

Asia60d ago

CGS International Adjusts UMS Integration's Price Target to SG$2.23 from SG$1.88; Keeps at Add

UMS Integration (SGX:558) has an average rating of buy and mean price target of SG$1.90, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

SGX:558

Asia63d ago

UMS Integration Proposes to Renew Buyback Mandate

UMS Integration (SGX:558) proposed to renew its buyback mandate at the upcoming annual general meeting on April 30, according to a Monday filing with the Singapore Exchange.The company intends to undertake the purchase or acquisition of its shares up to a 10% limit during the period, with a view to increasing shareholders' value and improving the return on equity of the company.

SGX:558

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