usp group

USP Group receives application to wind up company

A CREDITOR of watch-listed USP Group has filed a winding-up application against the company.

USP said it is seeking legal advice on the requisition notice, and will update shareholders of the company as and when appropriate. 

Two minority shareholders of USP Group seeking to convene EGM for board overhaul 

A DUO of minority shareholders of watchlisted USP Group, who claim to hold at least 10 per cent of the company’s shares, are asking the group to convene an extraordinary general meeting (EGM) for a co...

A representative of USP Group will be required to appear at the State Courts on May 24 when the case will be mentioned.

Acra hauls USP Group to court for not holding AGM

the Accounting and Corporate Regulatory Authority (Acra) is taking action against USP Group for failing to hold its annual general meeting (AGM) within four months after the end of its financial year....

Judicial Commissioner Goh Yihan declared the requisition notice for the EGM invalid, as the requisitioning shareholders were not deemed “members” of USP under the Companies Act.

Court rules USP’s Apr 21 EGM need not proceed, but raps firm for disrupting democratic process

A COURT has ruled that USP Group’s extraordinary general meeting (EGM), which was due to be held on Friday (Apr 21), need not proceed.

Minority shareholders of watch-listed USP Group are looking to take the company off the watchlist by gaining control of its board and launching new projects.

USP Group in second board tussle; minority shareholders want new team at helm and exit from watch-list

USP Group shareholder Melvin Tan has linked up with some of the company’s minority shareholders to wrest control of the company’s board and inject new projects, including a lab-grown diamond business,...

If USP Group does not appoint auditors for an audit of its most recent financial year, release the statements, and either move to exit the watch-list or seek an extension of its cure period, SGX RegCo will direct it to delist.

USP gets SGX RegCo compliance notice, must undergo audit and exit watch list or extend cure period

WATCH-LISTED USP Group on Tuesday (Apr 11) was handed a notice of compliance from bourse regulator Singapore Exchange Regulation (SGX RegCo), after it failed to audit its most recent full-year financi...

USP Group seeks US$11m in damages from 5 parties associated with acquisition of production plants

USP Group seeks US$11m in damages from 5 parties associated with acquisition of production plants

WATCH-listed USP Group announced in a regulatory update on Sunday that it is seeking US$11 million in damages from five parties in relation to the acquisition of three eco fuel production plants.

USP says Indonesia unit's employee misappropriated up to S$20,000

USP says Indonesia unit's employee misappropriated up to S$20,000

THE employment of an errant staff at USP Group's Indonesian subsidiary has been terminated, after the individual was found to have misappropriated a sum not exceeding S$20,000 as at Monday.

USP takes three resolutions off its EGM after major shareholder's injunction

USP takes three resolutions off its EGM after major shareholder's injunction

MAINBOARD-LISTED indium ingot dealer USP Group on Sunday announced changes in the agenda for the extraordinary general meeting (EGM) scheduled for Monday, July 13 - following an injunction issued agai...

USP key management takes 30% pay cut amid Covid-19

USP key management takes 30% pay cut amid Covid-19

KEY management personnel of USP Group have voluntarily taken a 30 per cent reduction in remuneration, with the middle management and the rest of staff taking a pay cut ranging from 10 to 20 per cent a...