Back 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:

  • Delay in completion of disposal of Dining Haus Pte Ltd prompted statutory demand on October 30, 2025.

  • Purchaser required to pay S$1,000,000 original consideration, overdue interest, and legal fees within 21 days.

  • If unpaid, Bromat may file bankruptcy petition against the purchaser.

  • Company will continue to update shareholders on material developments.

  • Shareholders are advised to exercise caution when dealing in Bromat Holdings securities.

  1. https://links.sgx.com/FileOpen/Bromat%20-%20Announcement%20-%20Update%20to%20the%20Proposed%20disposal.ashx?App=Announcement&FileID=865544