USP Group

Shares in USP Group closed at 12.4 cents on Sept 6.

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

Shares in the company were trading at an intraday high of 16.2 cents, nearly double the 8.8 cents at close on Sept 21.

SINGAPORE (Oct 5): USP Group, whose ability to remain as an ongoing business has been cast into doubt by auditors, said it was served with a statutory demand on Friday by Legal Standard LLP, solicitors acting for a certain Ridwan Kasenda.

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.

SINGAPORE (Feb 10): USP Group, the property developer, marine engine distributor and waste oil recycler, said losses for the 9M ended Dec widened to $1.24 million from $0.35 million after it reversed into a 3Q loss of $0.38 million.

SINGAPORE (May 30): USP Group, formerly known as Unionmet (Singapore), reversed out of the red with earnings of $90,000 for the FY18 ended March, compared to losses of $5.6 million a year ago.

SINGAPORE (Feb 9): USP Group swung back to profitability in 3Q18, posting earnings of $0.8 million, compared to a loss of $2.73 million in 3Q17.

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.

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