Brief: USP Group updates on investment in SG Support Services Pte Ltd

USP

15/01/2017 19:10

Jan 16 (Reuters) - Usp Group Ltd  USPG.SI  
    * Update to investment in SG Support Services Pte Ltd 
    * Refers to announcement where co disclosed that major 
shareholder of SG Support Services Pte Ltd filed for a winding 
up of SGSS 
    * Court has approved action on 13 Jan 2017 despite protest 
of both USP Industrial Pte Ltd, a wholly owned subsidiary of co 
and Li Hua 
    * USPI will be appealing against decision 
    * Pending outcome of appeal, as a matter of prudence, 
company is making a provision on investment 
 
Source text for Eikon:  ID:nSNZ3Zmwq2  
Further company coverage:  USPG.SI  
 
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