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12 stories mentioning SGX:BRSUpdated 16d ago

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Asia

USP Unit Secures Tohatsu Outboard Motors Dealership in Peninsular Malaysia

USP Group (SGX:BRS) unit Supratechnic (M) has been appointed an authorized dealer of Tohatsu outboard motors in Peninsular Malaysia, excluding Mersing.The appointment was made by Tai Hua Agencies, the Master Dealer for Peninsular Malaysia for Tohatsu outboard motors, according to a Friday Singapore Exchange filing.Supratechnic (M) plans to begin its first official dealer orders in September 2026.The appointment is expected to expand USP Group's addressable marine market in Peninsular Malaysia, boost its engagement with dealers and end-customers, and generate additional revenue streams for its marine distribution business.

SGX:BRS
Asia

USP Group Unit to Establish Medtech JV with Kimera Health

USP Group's (SGX:BRS) subsidiary, Scientific and Industrial Instrumentation, agreed to a joint venture and commercial collaboration deal with Chimera Flux (S), Kimera Malaysia and PT Kimera Flux Indonesia to market and distribute healthcare and other associated products across Singapore, Malaysia and Indonesia.The incorporation will require no capital contribution and will allow products to be distributed through Kimera's medical device licenses and registrations, according to a Wednesday filing with the Singapore Exchange.The subsidiary has also signed a non-binding agreement to acquire up to 51% of one or more of Kimera's entities.

SGX:BRS
Asia

USP Group Unit Establishes Medtech JV with Kimera Health

USP Group's (SGX:BRS) subsidiary, Scientific and Industrial Instrumentation, signed a joint venture and commercial collaboration agreement with Kimera Health to market and distribute healthcare and other associated products across Singapore, Malaysia and Indonesia.The incorporation will require no capital contribution, will allow products to be distributed through Kimera's medical device licenses and registrations, according to a Wednesday filing with the Singapore Exchange.The subsidiary has also signed a non-binding agreement to acquire up to 51% of one or more of Kimera's entities.

SGX:BRS
Asia

USP Group Arm Appointed Tohatsu Dealer in Peninsular Malaysia

Supratechnic (Supra M), a subsidiary of USP Group (SGX:BRS) has been appointed by Tai Hua Agencies as an authorized dealer of Tohatsu outboard motors for Peninsular Malaysia, excluding Mersing, according to a Tuesday filing to the Singapore stock exchange.Supra M plans to start its first official dealer orders in September 2026, bringing Tohatsu's range of outboard motors to recreational boaters, fishing communities, and commercial marine operators.Tai Hua is the official distributor of Tohatsu outboard motors in Malaysia.

SGX:BRS
Asia

USP Group Names CFO

USP Group (SGX:BRS) named Leow Yong Kin as the company's chief financial officer and joint company secretary, effective Aug. 3, according to a same-day filing with the Singapore Exchange.Kin has served as a director of the company's subsidiaries since May 2024, the filing showed.

SGX:BRS
Asia

USP Group Names Chair, CEO Following Exit from Judicial Management

USP Group (SGX:BRS) has appointed Maio Dangi as non-independent non-executive deputy chairperson and Melvin Tan as chief executive officer, according to a Friday filing.Dangi is the founder of Ascendro Group, which extended a loan to USP in 2025 to support its restructuring efforts. Tan is the CEO of Hinterland Group, a substantial shareholder of USP.The appointments took effect on July 30, following USP's exit from judicial management on July 18.The company said the appointments are part of the ongoing renewal and strengthening of the board to support the group's restructuring and recovery.In addition, the board established AI and technology committees to oversee the group's artificial intelligence, automation and marketing technology initiatives.

SGX:BRS
Asia

USP Group Unit Commences Legal Proceedings Against Former Employees

USP Group's (SGX:BRS) subsidiary, Supratechnic (M), commenced legal proceedings against former employees, Kan Bright Pan and Yip Slew Hong, along with certain other parties, in the High Court of Malaya, in Malaysia, according to a Friday filing with the Singapore Exchange.The first case management has been fixed before the court on Aug. 17.Earlier, the company had terminated the employment of the aforementioned employees and had also hinted at pursuing legal claims against them, arising during their employment with Supratechnic M.

SGX:BRS
Asia

USP Unit Launches Legal Action Against Former Employees

USP's (SGX:BRS) unit Supratechnic (M) has started legal proceedings against former employees Kan Bright Pan and Yip Siew Hong, along with certain other parties, in the High Court of Malaya in Kuala Lumpur, according to a Friday Singapore Exchange filing.According to earlier filings, Supratechnic (M) terminated the employment of Kan Bright Pan and Yip Siew Hong on March 26, 2025, after an internal investigation found they had breached their duties as employees. Later in May of the same year, they were removed as directors of the subsidiary.The case has its first case management scheduled for Aug. 17, said the company, which is under judicial management.USP said it will provide further updates as material developments arise.Trading in USP Group's securities remains suspended.

SGX:BRS
Asia

USP Group Changes Names of Subsidiaries

USP Group (SGX:BRS) changed the names of two of its subsidiaries, effective June 5, according to a same-day filing with the Singapore Exchange.The name of Supratechnic SII was changed to SuprAI, while the name of Supratechnic Capital was changed to SuprAI Capital to create a unified corporate identity, as part of the company's push to develop AI capabilities.

SGX:BRS
Asia

USP Group Secures Waiver for Disposal of Malaysian Property

USP Group (SGX:BRS), which is under judicial management, received approval from the Singaporean bourse to dispose of its Malaysian industrial property without requiring shareholder approval, according to a Wednesday bourse filing.The company sought the approval waiver because the property has been deemed a non-core asset and its sale is not expected to impact the consumer healthcare company's core operations.The sale price of the property, which has been used as a warehouse and a corporate office, is 20 million ringgit.

SGX:BRS
Asia

USP Group Unit Secures IQAir Brand Distributorship

USP Group's (SGX:BRS) subsidiary, Supratechnic Instrumentasi Indonesia, secured Indonesia distribution rights for the Swiss Air Quality Brand, or IQAir, according to a Wednesday filing with the Singapore Exchange.The company intends to introduce a dedicated digital platform named Suprayi in Indonesia later this year, with an aim to provide local customers with direct access to IQAir products and warranty coverage.

SGX:BRS
Asia

USP Group's Unit Secures IQAir Distribution Rights in Singapore

USP Group's (SGX:BRS) subsidiary, Supratechnic (S), secured exclusive distribution rights for the Swiss Air Quality Brand, IQAir, in Singapore, according to a Tuesday filing with the Singapore Exchange.Additionally, the subsidiary has also launched a digital platform named Suprayi to act as an advisory channel for IQAir products.

SGX:BRS

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