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Supratechnic
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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.
November 22, 2022
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.
January 09, 2018
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
November 21, 2017
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.
November 14, 2017
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
May 30, 2017
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.
March 24, 2017
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.
March 21, 2017