USP Group Limited (SG:BRS) has released an update.
USP Group Limited, currently under judicial management, has announced that applications have been made against them by Tay Lak Khoon in Singapore’s High Court, leading to a temporary restraint on certain actions by the Judicial Managers. The company has also informed its creditors and is awaiting further court proceedings, including a case conference set for November 7, 2024, while the trading suspension of its securities continues.
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