Li Hua

SINGAPORE (Jan 24): mDR is paying $1.2 million for a 14.25% stake in another listed entity USP at a discount of 85.5% to the target’s net asset value.

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

SINGAPORE (May 25): USP board of directors must have heaved a collective sigh of relief after all three resolutions were voted down at its adjourned EGM on Wednesday.

SINGAPORE (May 22): Round Two of USP Group’s extraordinary general meeting, to be held on May 24, is shaping up to be a rousing one.

With USP's EGM adjourned to this Wednesday (May 22), here is the Edgewise that first appeared in the May 15 issue (No. 779) of The Edge Singapore

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 17): The Singapore Exchange says USP’s dissenting shareholders may themselves convene a shareholders’ meeting within three months from the requisitioning date if USP’s board of directors ignore their request to hold an extraordinary

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