USP Group

Company in the news

Minority shareholders of USP Group seek to change directors via EGM

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

Company in the news

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.

SGX query

USP Group queried for 'unusual' share price movements

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.

Management & Corporate Governance

USP Group hit with statutory demand for payment

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.

Management & Corporate Governance

Board says USP Group can continue as going concern, despite auditors' red flags

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.


USP Group 9M losses widen to $1.24 mil on lower other income, absence of one-off gain

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.


USP Group claws back to profitability in FY18 on absence of one-off loss

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.


USP Group swings back to profitability; posts 3Q earnings of $0.8 mil

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.


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.

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