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The latest announcement is out from USP Group Limited ( (SG:BRS) ).
USP Group Limited, under Judicial Management, announced the completion of the sale of its subsidiary’s main asset, a property located at 2 Tuas South Street in Singapore, for S$3.92 million. The proceeds were utilized to cover various expenses, including land rent and taxes, and settle amounts owed to United Overseas Bank Limited. The sale led to the insolvency declaration of its subsidiary, Biofuel Research Pte. Ltd., which is undergoing a creditors’ voluntary liquidation.
More about USP Group Limited
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.69M
See more data about BRS stock on TipRanks’ Stock Analysis page.
