USP Group Limited Provides Update on Judicial Management Extension Application

Key Highlights

• Judicial Management Extension Hearing Scheduled: USP Group Limited, currently under Judicial Management, has announced that the hearing for its application to extend the judicial management period until 5 June 2026 is scheduled for 4 December 2025 at 2:30pm.
• Important Court Timelines:
  • Any party objecting to the application must file an affidavit by 21 November 2025, 4:00pm. Affidavits are to be served by both email and e-service.
  • By 27 November 2025, 4:00pm, all parties must tender to the Court:
    • Written submissions and bundle of authorities. Each party’s submission is limited to 35 pages, and these documents must be exchanged, e-filed, and tendered to the Court.
    • The attendance list of parties indicating their stance (supporting or opposing the application).
    • A time bank (typically a schedule or allocation for hearing time).
• Trading Suspension Continues: Share trading in USP Group Limited remains suspended since 23 February 2024, and no update has been provided on the lifting of this suspension.
• Further Announcements Promised: The Company has stated that additional updates will be released as and when there are new material developments regarding the judicial management process.

What Shareholders Need to Know

• Judicial Management Extension: The company’s future, including its restructuring efforts and potential resumption of trading, will hinge upon the outcome of the judicial management extension application. If the extension is not granted, it could have significant implications for the company’s ability to continue as a going concern.
• Active Legal Process: The structured timelines and the requirement for affidavits and submissions suggest that there may be opposition to the extension, which could affect the company’s restructuring plans and the longer-term value for shareholders.
• Material Developments Could Impact Share Value: Any material developments from the court proceedings, such as a successful extension or objections from creditors, could potentially move the share price once (and if) the trading suspension is lifted.
• Ongoing Trading Suspension: Investors should note that shares remain suspended from trading. There is no indication of when or if trading will resume, meaning liquidity remains unavailable for shareholders in the short term.

Detailed Timeline and Instructions from Court

The Singapore Court has provided explicit instructions and deadlines for parties involved in the judicial management extension hearing:

• Objections via affidavit must be filed by 21 November 2025.
• Submissions, authorities, attendance lists, and time bank must be submitted by 27 November 2025.
• The hearing is scheduled for 4 December 2025 at 2:30pm.
• Each party’s written submission is limited to 35 pages.

The Company has reiterated its commitment to keep the market informed of any material developments arising out of the judicial management process.

Potential Share Price Impact

While the company’s shares remain suspended, the outcome of the judicial management extension application could significantly affect future share value and the prospects of relisting. Investors should closely monitor the company’s announcements for updates on the Court’s decision, which will be a critical factor for the company’s restructuring path, creditor arrangements, and eventual return to normal operations.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors are advised to conduct their own due diligence and consult with their financial advisors before making any investment decisions. All information is based on publicly available announcements as of the date stated and may be subject to change.

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