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USP Group Limited ( (SG:BRS) ) has issued an update.
USP Group Limited, which remains under judicial management and subject to a trading suspension, has progressed its restructuring efforts with a creditor-approved scheme of arrangement intended to bind the company and all its creditors once sanctioned. The company has applied to the High Court to approve and sanction the scheme, dispense with certain statutory requirements, and set its effectiveness upon lodgment with the Registrar, with a case conference scheduled for 12 May 2026 where stakeholders may attend to take directions on the matter.
The outcome of the court application will be pivotal for USP Group’s restructuring trajectory, potentially providing a formal framework to compromise debts and stabilise its financial position. Until the court process concludes and the scheme takes effect, trading in the company’s shares will remain suspended, leaving shareholders and creditors closely watching the judicial process for clarity on recoveries and the firm’s future viability.
More about USP Group Limited
USP Group Limited, incorporated in Singapore and currently under judicial management, operates as a listed company whose shares have been suspended from trading since February 2024. The firm is undergoing a court-supervised restructuring process aimed at resolving its liabilities to creditors under a proposed scheme of arrangement.
Technical Sentiment Signal: Sell
Current Market Cap: S$3.79M
See more data about BRS stock on TipRanks’ Stock Analysis page.