Supratechnic

Company in the news

USP Group divests Joo Koon property for $5.3 mil to repay mortgage

USP Group is disposing off its subsidiary's HQ in Joo Koon for $5.3 million to repay its mortgage and defaults.

M&A

USP signs two agreements to scale up business to include boat building

SINGAPORE (Jan 9): USP Group today announced the signing of two agreements with businesses in China to build high-performance boats for their respective customers.

USP to receive US$1 mil in settlement of civil litigation

SINGAPORE (Nov 21): Oil blending firm USP Group says that its subsidiary, Scientific & Industrial Instrumentation (SII), will be receiving US$1 million ($1.4 million) as part of a confidential settlement agreement it had entered into on Oct 23 with “var

Results

USP sinks into the red in 2Q on higher expenses

SINGAPORE (Nov 14): USP Group reported a loss of $0.5 million for 2Q18, sinking into the red from its earnings of $0.2 million a year ago on higher expenses.

IPO

USP mulls spin-off and listing of Supratechnic on GEM in HK

SINGAPORE (May 30): Oil blending firm USP Group is in preliminary discussions to explore the spin-off listing of its wholly-owned subsidiary Supratechnic on the Growth Enterprise Market (GEM), an alternative stock market set up and operated by the Hong Ko

2013 Penny Stock Crash

USP Group calls EGM but skips requisitioning members' concerns

SINGAPORE (March 24): USP Group, which has been facing a minority revolt, has finally called an extraordinary general meeting. But it is not quite for the reasons listed in the shareholders' requisition.

USP Group defaults on repayment of loaned shares from Precious Streams Holdings

SINGAPORE (March 21): USP Group has failed to repay Precious Streams Holdings (PSHL) the 4.9 million of consideration shares by the deadline of March 20, 2017, the first anniversary of the date of loaned shares from PSHL.
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