JEP Holdings Ltd. (SG:1J4) has released an update.
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JEP Holdings Ltd. has made public that its subsidiary, JEP Precision Engineering Pte Ltd, secured a S$13 million loan from its majority shareholder UMS Holdings Limited, to refinance an existing higher-interest loan. The six-year unsecured loan with a 3.70% interest rate is a strategic move to benefit from more favorable terms, as other financial institutions offered rates up to 4.50%.
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