USP Group Limited (Under Judicial Management) – Major Update on Proposed Scheme of Arrangement

Date: 30 January 2026
Issuer: USP Group Limited (Under Judicial Management)
Judicial Manager: Tan Wei Cheong

Key Highlights for Investors

• High Court Approval to Convene Scheme Meeting:
  At the hearing of HC/OA 58/2026, the High Court has granted the Judicial Managers of USP Group Limited the liberty to convene a Scheme Meeting. This is a pivotal step in the company’s restructuring process under judicial management, allowing stakeholders to review and vote on the proposed Scheme of Arrangement.
• Formal Notices to Follow:
  The company has indicated that formal notices regarding the Scheme Meeting will be issued in due course. This means shareholders and creditors should closely monitor upcoming announcements for details about the meeting’s date, agenda, and voting process.
• Trading Suspension Continues:
  The trading suspension of USP Group Limited’s shares, which commenced on 23 February 2024, remains in effect. This restriction will continue until further notice, and investors cannot trade shares until the suspension is lifted.
• Further Announcements Anticipated:
  The company will release additional updates as and when material developments arise. Investors should remain vigilant for further disclosures that could affect the company’s financial position and prospects.

Important Points for Shareholders

• Price Sensitive Developments:
  The approval to convene a Scheme Meeting is a significant milestone in USP Group Limited’s restructuring. The outcome of the Scheme Meeting—whether the Scheme of Arrangement is accepted or rejected by stakeholders—could have a direct impact on the company’s future, including potential recovery or liquidation scenarios. This is highly price sensitive and could materially affect the value of shares once trading resumes.
• Ongoing Trading Suspension:
  Shareholders are reminded that trading in USP Group Limited shares is still suspended. Any future lifting of the suspension will likely depend on the progress and outcome of the proposed Scheme of Arrangement.
• Need for Vigilance:
  Shareholders should pay close attention to formal notices and subsequent company announcements regarding the Scheme Meeting and any other material events during the judicial management process.
• Judicial Management Status:
  The company remains under judicial management, with Tan Wei Cheong acting as Joint and Several Judicial Manager, overseeing restructuring efforts and stakeholder interests.

Potential Impact on Share Price

The developments outlined in this update are potentially market moving. The convening and outcome of the Scheme Meeting could determine the company’s restructuring fate, influencing future share price when trading resumes. Investors should note that any material change in the company’s status, such as approval or rejection of the Scheme, could lead to significant share price volatility.

Conclusion

USP Group Limited has reached a critical juncture in its restructuring process. With High Court approval to convene a Scheme Meeting, shareholders and creditors will soon have a direct say in the proposed Scheme of Arrangement. The outcome will be crucial in shaping the company’s future prospects and the value of its shares. Investors are strongly advised to monitor all company announcements and prepare for possible material changes to share value once trading resumes.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research and consult with professional financial advisors before making any investment decisions. The author and publisher assume no responsibility or liability for any actions taken based on the information contained herein.

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