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30 Oct 2025
Bromat Holdings issues statutory demand for S$1 million overdue subsidiary sale; warns of potential bankruptcy proceedings against buyer
Link: https://links.sgx.com/1.0.0/corporate-announcements/1YIIB9UEFYPVKWBN/df69c314fd8a941ee7ffffbdcc460a2ddf68c2c6c4d6def72b4733432a359eb1
Summary:
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Delay in completion of disposal of Dining Haus Pte Ltd prompted statutory demand on October 30, 2025.
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Purchaser required to pay S$1,000,000 original consideration, overdue interest, and legal fees within 21 days.
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If unpaid, Bromat may file bankruptcy petition against the purchaser.
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Company will continue to update shareholders on material developments.
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Shareholders are advised to exercise caution when dealing in Bromat Holdings securities.