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.
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