SG briefs: Yangzijiang Financial, OxPay, Union Steel, USP Group

Singapore one-dollar bill, showing Chinese junk boatsSingapore one-dollar bill, showing Chinese junk boats

Singapore company briefs: Union Steel Holdings, OxPay Financial, USP Group and Yangzijiang Financial Holding (YZJFH).

Yangzijiang Financial Holding (YZJFH)

Yangzijiang Financial Holding (YZJFH) requested a trading halt mid-afternoon Wednesday, pending the release of an announcement.

The company began trading on SGX last week after being spun off from parent Yangzijiang Shipbuilding (Holdings).

OxPay Financial

OxPay Financial said Wednesday it has completed the share subscription agreement with Tee Wee Sien (Zheng Weixian) of 3.25 million new shares at S$0.1575 each for a total of around S$512,051.

The new shares are expected to begin trading on SGX’s Catalist board on Friday, OxPay said in a filing to SGX.

Read more: OxPay enters subscription deal with existing shareholder Tee Wee Sien

Union Steel Holdings

Union Steel Holdings said Wednesday it has completed the acquisition of all of BTH Holdings; the deal was approved by Union Steel’s shareholders at an extraordinary general meeting (EGM) held on 19 April, the company said in a filing to SGX.

BTH Holdings provides services to the offshore oil and petroleum industries, including installing industrial machinery, manufacture of pressure vessels, heat exchangers and plant and metal fabrication.

USP Group

USP Group has entered a non-binding memorandum of understanding (MOU) with Fire Terminator International, a maker of eco-friendly fire extinguishers, to form a joint venture to cooperate on research and planning services in fire extinguishing and producing fire-extinguishing devices, the company said in a filing to SGX Wednesday.