Detailed Breakdown

USP Group Limited, which has been under Judicial Management, announced a major update regarding its financial restructuring efforts. On 9 January 2026, its Judicial Managers filed an application with the High Court of Singapore to seek several crucial orders related to the Proposed Scheme of Arrangement.

The application includes the following requests:

• Convening of Creditors’ Meeting: Permission for the Judicial Managers to organize a Scheme Meeting of creditors within three months from the date of the Court’s order. The main purpose of this meeting is to enable creditors to consider and approve the Proposed Scheme, either with or without modifications.
• Flexibility in Meeting Arrangements: Authorization to hold the Scheme Meeting in the manner set out in the application or as directed by the Court. This allows for adaptations in the process if necessary.
• Binding Effect of the Scheme: Should the statutory requirements be satisfied, the Judicial Managers will seek the Court’s approval to make the scheme binding not only on the Company and Judicial Managers but also on all creditors. This is a key step towards resolving the Company’s financial distress and could have direct implications on creditor recoveries and future obligations.
• Further Orders: The Judicial Managers, Company, or any creditor may request additional orders or directions should the need arise during the restructuring process.
• Court’s Discretion: The Court may grant any further or other orders it deems fit to facilitate the restructuring process.

The Company has emphasized that it will continue to update stakeholders via official announcements as material developments occur. At present, the trading suspension of USP Group Limited’s shares, which has been in effect since 23 February 2024, remains in place. This suspension means that shareholders are unable to trade the stock until further notice.

Impact on Shareholders and Price Sensitivity

• Restructuring Progress: The outcome of the Scheme Meeting and subsequent Court approvals are critical for determining the future financial health and operational status of USP Group Limited. The success or failure of the scheme could have a substantial impact on shareholder value and the likelihood of the company resuming trading.
• Trading Suspension: The ongoing suspension is a material factor for investors. No liquidity is available for the shares until the restructuring process concludes or further announcements are made.
• Potential Price Movement: Should the scheme be approved and the company emerges from Judicial Management, there could be significant movements in share price, reflecting the perceived recovery or impairment of shareholder value.
• Uncertainty and Risk: Investors must be aware of the continued uncertainty and risks associated with the judicial management and restructuring process.

Next Steps

Investors are advised to monitor official announcements closely as the Scheme of Arrangement progresses through the creditor meeting and court approval stages. The outcome will be pivotal in determining the future of USP Group Limited and the potential for trading resumption.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Investors should consult their own professional advisors and carefully consider the risks before making investment decisions. The situation with USP Group Limited remains highly fluid and subject to change based on court proceedings and creditor actions.

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