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USP Group Limited ( (SG:BRS) ) has shared an announcement.
USP Group Limited’s subsidiary, Supratechnic (M) Sdn Bhd, has secured an exclusive distribution agreement with Hangzhou Hidea Power Machinery Co., Ltd, a Chinese manufacturer of outboard motors. This partnership aims to enhance Supratechnic’s market presence in Malaysia and Singapore by offering a comprehensive range of marine products and leveraging strategic marketing opportunities. The collaboration is expected to boost Hidea’s visibility in the region through co-branded marketing and participation in marine expos, although the company’s securities remain suspended as of February 2024.
More about USP Group Limited
USP Group Limited, incorporated in Singapore, operates in the marine industry through its wholly-owned subsidiary, Supratechnic (M) Sdn Bhd. The company focuses on distributing marine products, including outboard motors, parts, and accessories, primarily in Malaysia and Singapore.
Technical Sentiment Signal: Sell
Current Market Cap: S$3.79M
For a thorough assessment of BRS stock, go to TipRanks’ Stock Analysis page.