SINGAPORE-BASED USP Group Ltd which has regional exposure in Malaysia and Indonesia alongside its subsidiaries have appointed SAC Capital Pte Ltd to work closely with the group and its management to facilitate trading resumption of its shares on the Mainboard of the Singapore Exchange Securities Trading Ltd (SGX-ST).
The appointment of the premier independent investment banking firm in Singapore follows the discharge of the company from judicial management with effect from July 18, thus marking a decisive step in the group’s transition from restructuring to recovery.
As part of its engagement, the financial adviser will assist the group in reviewing its financial position and evaluate potential options and strategies to resume trading of its shares on the SGX-ST as soon as practicable.
Additionally, the financial adviser will also connect USP Group with potential investors who are keen to support the group’s refreshed business model, innovations and growth initiatives under the leadership of CEO Melvin Tan and his management team.
The appointment of SAC Capital underscores the USP Group board’s commitment to take proactive steps to advance the interests of the group and its stakeholders, hence positioning it to take advantage of capital markets opportunities.
The appointment also builds on the recent reconstitution of the board and the establishment of the group’s AI (artificial intelligence) and technology committee announced on July 30 as part of a broader refresh of the group’s governance and growth agenda.
Through its operating subsidiaries under the Supratechnic, SII and Suprayi brands, the USP Group is a leading regional distributor of clean air, healthcare, instrumentation and marine solutions across Singapore, Malaysia and Indonesia.
Restructuring effort on course
“The appointment of SAC Capital, a leading investment banking firm with a strong track record in guiding companies listed on the SGX-ST towards successful trading resumptions, marks a significant milestone in the group’s roadmap towards restoring its listing status.,” enthused CEO Tan.
“We look forward to working closely with SAC Capital by engaging constructively with SGX RegCo throughout the resumption process.”
Added Tan: “We value SGX RegCo’s commitment to maintaining an open and collaborative dialogue that will support the group’s efforts in progressing the resumption process in a timely and disciplined manner.”
As it is, SAC Capital is looking forward to supporting the USP Group board in navigating the next phase of its journey, according to the financial adviser’s CE0 Ong Hwee Li.
“Melvin Tan’s unwavering commitment and persistence in championing the USP Group’s and its shareholders’ interests throughout this challenging period have been instrumental in driving the company’s restructuring efforts forward,” commented Ong.
“Through disciplined execution and constructive engagement with all relevant parties, we’re confident that USP will be better positioned to restore its listing status and unlock future opportunities for the benefit of all stakeholders.”
USP Group will keep shareholders updated as and when there are any material developments in relation to the above. – Aug 4, 2026
