USP Group Calls April Creditors’ Meeting on Restructuring Scheme

USP Group Limited ( (SG:BRS) ) has provided an update.

USP Group Limited, which is under judicial management and has been suspended from trading since February 2024, is progressing through a court-supervised restructuring process via a proposed scheme of arrangement with its creditors. The company’s judicial managers have called a creditors’ scheme meeting for 9 April 2026 in Singapore to consider and potentially approve the restructuring scheme.

Creditors intending to participate must submit their proofs of debt by 26 February 2026, while proxy forms for voting at the scheme meeting are due by 7 April 2026, both via email to the judicial managers. The outcome of the meeting will be a key milestone for USP Group’s restructuring efforts, potentially shaping recoveries for creditors and the company’s future viability while its trading suspension remains in place.

More about USP Group Limited

USP Group Limited, incorporated in Singapore and currently under judicial management, has its shares suspended from trading on the local exchange. The company is undergoing court-supervised restructuring, with judicial managers overseeing its affairs and engaging creditors in a proposed scheme of arrangement to address its financial difficulties.

Technical Sentiment Signal: Sell

Current Market Cap: S$3.79M

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