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USP Group Limited ( (SG:BRS) ) has provided an announcement.
USP Group Limited, which is under judicial management and has had its shares suspended from trading since February 2024, has obtained High Court approval for its judicial managers to convene a Scheme Meeting as part of its proposed scheme of arrangement with stakeholders. Formal notices for the Scheme Meeting will be issued in due course, and the company has indicated it will provide further updates on material developments, signalling gradual progress in its court-supervised restructuring process but no immediate change to the trading suspension.
More about USP Group Limited
USP Group Limited is a Singapore-incorporated company currently placed under judicial management, with its shares suspended from trading since 23 February 2024. The announcement reflects its ongoing court-supervised restructuring process rather than regular operating developments, highlighting the company’s focus on resolving its financial and creditor issues through a proposed scheme of arrangement.
Technical Sentiment Signal: Sell
Current Market Cap: S$3.79M
For an in-depth examination of BRS stock, go to TipRanks’ Overview page.