USP has been placed in the Singapore Exchange Watch-list since June 5, 2017 after failing the minimum 20-cent trading price rule, and has until June 4, 2020 to get itself out of the Watch-list.
SINGAPORE (Sept 16): USP Group, the trader of oil and marine equipment as well as property developer, is expected to continue as a going concern, says its board in an early Saturday morning filing.
This is despite independent auditors RSM Chio Lim, highlighting an emphasis of matter on a material uncertainty in the group's FY19 financial results, which may cast doubt on its ability to continue as a going concern.
