Bromat Holdings Sells Dining Haus: Strategic Shake-Up Signals New Growth Direction

Key Highlights from the Extraordinary General Meeting

• Date & Location: 30 September 2025, 33 Erskine Rd #01-13, Singapore
• Chairman: Mr. Tan Keng Tiong
• Main Agenda: Approval for the disposal of Dining Haus Pte. Ltd.

Major Resolution Passed: Disposal of Dining Haus Pte. Ltd.

Bromat Holdings Ltd. convened an Extraordinary General Meeting (EGM) to seek shareholder approval for a pivotal strategic decision: the disposal of its 60% stake (60,000 ordinary shares) in Dining Haus Pte. Ltd. The shares are to be sold to Mr. Chia Shu Sian—the original owner—for a revised consideration of S\$1,000,000.

The transaction is governed by two documents: the original sale and purchase agreement dated 21 April 2025, and a subsequent settlement agreement dated 11 August 2025. The board is fully empowered to negotiate, execute, and amend any related documents to ensure the completion of this disposal.

Shareholder Questions and Management Insights

• Strategic Rationale: The Chairman revealed that Dining Haus was not in Bromat Holdings’ future strategic plans. The sale is part of a broader realignment, with Bromat Holdings currently in talks with strategic investors to fund new directions. This is potentially price-sensitive information, as it signals new capital and strategic partnerships may be on the horizon.
• Financial Impact: The Company clarified there was no profit from the disposal, but emphasized the transaction is mutually beneficial. The original owner wanted to regain control of Dining Haus, and Bromat Holdings achieved a clean exit.

Voting Results: Strong Shareholder Support

The resolution saw overwhelming support, with 99.41% of votes in favor (208,652,679 shares), versus just 0.59% against (1,238,499 shares). This strong endorsement underscores shareholder approval of the strategic refocus and asset disposal.

What Investors Need to Watch

• Strategic Investor Talks: Bromat Holdings is actively engaging with potential strategic investors to fund its next phase of growth. Any future announcements regarding these partnerships or funding could materially affect the stock price.
• Business Realignment: Divesting Dining Haus signals a decisive move away from non-core holdings. Investors should anticipate further updates on Bromat Holdings’ evolving business model and investment strategy.
• Capital Deployment: The S\$1,000,000 proceeds provide the Company with fresh liquidity, potentially enabling new investments aligned with its strategic vision.
• No Profit from Disposal: While the sale did not generate a direct profit, the board views the outcome as positive for both parties and the long-term interests of shareholders.

Conclusion: Strategic Reset in Motion

Bromat Holdings’ EGM marks a watershed moment for the Company. By divesting Dining Haus and signaling active engagement with strategic investors, the management is clearly steering the business towards a new growth trajectory. Investors should closely monitor upcoming announcements for further clues on deal-making, capital deployment, and strategic partnerships. These developments could provide significant catalysts for share price movement in the coming quarters.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisors before making any investment decisions related to Bromat Holdings Ltd. The information provided is based on publicly available documents and may be subject to change.

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