Thursday, October 1, 2015

USP Group plans to invest in equipment trading firm

USP Group has proposed to acquire and/or subscribe shares of Singapore-based equipment trading company, Supratechnic Pte Ltd.

Supratechnic is involved mainly the trading of marine equipment and industrial machinery and equipment with operations in Singapore, Malaysia and Indonesia.

USP has yet to sign a formal agreement with regard to the proposed investment.

The manufacturer and trader of non-ferrous metals will make an announcement once negotiations have concluded.

Shares of USP ended flat at four cents.

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