USP Group

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.

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.

SINGAPORE (March 17): USP Group says it is still seeking legal advice on the validity of an extraordinary general meeting (EGM) request made by substantial minority shareholders Joshua Huang Thien En and Teng Choon Fong, from over a month ago.

SINGAPORE (Feb 20): Shares of USP Group, typically thinly traded, surged by more than 60% to 16.9 cents on Monday, following a move by two of the company’s substantial shareholders to try and oust executive chairman Li Hua and executive director Raphael

SINGAPORE (Feb 15): USP Group, the investment holding company mainly involved in oil blending and property development, saw 3Q17 losses widened to $2.7 million for 3Q17 from $1.4 million a year ago.

SINGAPORE (Feb 13): Two shareholders holding 11.1% of USP Group have triggered an attempt to oust executive chairman Li Hua and executive director Raphael Tham Wai Mun.