Bromat Holdings Ltd. Faces Statutory Demand Over Unpaid Settlement Sum

Key Points:

• On 17 November 2025, Bromat Holdings Ltd. and its subsidiaries (“the Group”) received a statutory demand from Sandbox Studio Pte Ltd (“Sandbox”) for outstanding payments related to Addition and Alteration (A&A) works performed for Bromat Holdings.
• The outstanding sum currently stands at S\$145,122.66 (“Remaining Outstanding Sum”).
• The Group had previously entered a settlement agreement with Sandbox on 18 July 2025 for a total of S\$270,122.66 (“Settlement Sum”), with payments scheduled in three instalments.
• Bromat Holdings has so far paid:
  • S\$30,000 on 18 July 2025 (first payment)
  • S\$70,000 on 26 August 2025 (second payment)
  • S\$25,000 on 13 November 2025 (partial payment toward outstanding balance)
• Despite these payments, a significant amount remains unpaid, originally S\$170,122.66, now reduced to the “Remaining Outstanding Sum” of S\$145,122.66.
• The Remaining Outstanding Sum has already been accounted for in Bromat Holdings’ financial results for the nine months ended 30 June 2025.
• Sandbox has notified the Company that it must repay the Remaining Outstanding Sum within three weeks of the statutory demand. Failure to do so may result in Sandbox filing a winding-up application against Bromat Holdings Ltd.

Implications for Shareholders

• The receipt of a statutory demand and the threat of a winding-up application are significant and potentially price-sensitive events.
• If the Company fails to settle the outstanding amount within the stipulated period, it could face legal proceedings that may lead to the winding-up of the Company.
• Such a scenario could have a severe negative impact on the Company’s operations, financial stability, and ultimately, its share price.
• The Company has stated it will make further announcements regarding any payments or material developments, and has advised shareholders and investors to exercise caution in trading its securities.

Additional Details

• The statutory demand is part of an ongoing dispute between Bromat Holdings and Sandbox Studio Pte Ltd regarding payment for contracted works.
• The Company has been making partial payments but has not kept to the agreed-upon payment schedule in the settlement agreement.
• Shareholders and potential investors are strongly encouraged to monitor the situation closely for further updates from the Company, as this issue could materially affect the Company’s financial standing and stock performance.
• The announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited, but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST).
• For further queries, shareholders can contact Ms. Tay Sim Yee at SAC Capital Private Limited.

Investor Advisory

Shareholders and potential investors should exercise caution when dealing in the securities of Bromat Holdings Ltd. It is recommended to read all company announcements carefully and consult with professional advisors if in doubt about the appropriate course of action.

Disclaimer: The above article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with their financial advisors before making investment decisions. The information is based on the Company’s announcements and may be subject to further updates or changes.

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