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    BRS   SG1CH0000007

USP GROUP LIMITED

(BRS)
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General Announcement::Provision of food to Malaysian and Indonesian families

07/22/2021 | 07:08am EDT

USP GROUP LIMITED

(Company Registration No.: 200409104W)

(Incorporated in the Republic of Singapore)

(the "Company")

COLLABORATION WITH LIONS CLUB OF DAMANSARA KUALA LUMPUR AND LIONS CLUB OF JAKARTA RUBY PRIMA TO PROVIDE FOOD TO MALAYSIAN AND INDONESIAN FAMILIES

The Board of Directors (the "Board") of USP Group Limited (the "Company", and together with its subsidiaries, the "Group") are pleased to announce that as part of its corporate social responsibility initiatives to support families, in Malaysia and Indonesia, who have been heavily affected by the Covid -19 pandemic, the Group has on 15 July 2021, through its subsidiary, Supratechnic (Malaysia) Sdn Bhd ("Supra Malaysia"), tied up with Lions Club of Damansara Kuala Lumpur ("Lions Club KL") and Lions Club of Jakarta Ruby Prima ("Lions Club Jakarta") to donate food and other necessities to families in Malaysia and Indonesia who have been affected by the economic crisis caused by the Covid-19 pandemic.

Lions Club International ("Lions Club") is an international non-profit organization established in 1917. It is the world's largest service club organization with more than 1.4 million members in more than 200 countries around the world. Over the years, Lions Club has participated in various service projects worldwide, including disaster relief, humanitarian aid, as well as initiatives to provide meals to those in need. Amidst this Covid-19 pandemic, Lions Club continues to serve to provide support and care to those suffering from this pandemic.

The Group recognizes that the Covid-19 pandemic has caused the world's economy to plummet, and many families in Malaysia and Indonesia are struggling to put food on the table. The Group hopes to provide support and assistance to these families during these difficult times.

The distribution of food and other necessities to the families in Malaysia will take place on 23 July 2021.

The date for the distribution of food and other necessities to the families in Indonesia will soon be confirmed. The Board will keep the shareholders informed and updated accordingly.

Supra Malaysia will continue to liaise with Lions Club Jakarta and Lions Club KL to provide the necessary support and assistance to the families in Malaysia and Indonesia.

The Company will continue to keep shareholders updated and informed as and when there are material developments on the aforesaid initiative.

For and on behalf of

USP GROUP LIMITED

Tanoto Sau Ian

CEO and Executive

Director

22 July 2021

1

Disclaimer

USP Group Limited published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 11:07:14 UTC.


© Publicnow 2021
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Financials
Sales 2021 32,5 M 24,2 M 24,2 M
Net income 2021 1,79 M 1,33 M 1,33 M
Net Debt 2021 32,3 M 24,0 M 24,0 M
P/E ratio 2021 2,51x
Yield 2021 -
Capitalization 4,15 M 3,08 M 3,09 M
EV / Sales 2020 1,25x
EV / Sales 2021 1,14x
Nbr of Employees 160
Free-Float 17,9%
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Sau Ian Tanoto Chief Executive Officer & Executive Director
Djohan Sutanto Chairman
Chin Aik Tan Independent Non-Executive Director
Heng Chian Chia Independent Non-Executive Director
Yew Tou Lim Non-Independent Non-Executive Director
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