Bromat Holdings Ltd. Issues Statutory Demand Over Disposal of Dining Haus Pte Ltd

Key Points from the Announcement

• Statutory Demand Issued: Bromat Holdings Ltd. has served a statutory demand (“SD”) to the Purchaser of its subsidiary, Dining Haus Pte Ltd, as of 7 January 2026, after two failed attempts at physical delivery.
• Outstanding Balance Due: The SD relates to an outstanding amount of S\$1,019,534.06, which comprises:
  • Unpaid consideration: S\$1,000,000
  • Accrued interest: S\$16,034.06
  • Other charges: S\$3,500

  The amount is due to prolonged delays in the completion of the disposal by the Purchaser.

• Legal Implications: The Purchaser must pay, secure, or compound the outstanding balance within 21 days, or apply within 14 days to have the SD set aside. If there is non-compliance, Bromat Holdings Ltd. reserves the right to file a bankruptcy petition against the Purchaser.
• Further Updates: The company has committed to providing further announcements to keep shareholders informed of any material developments.

Information of Importance to Shareholders

• Potential Price Sensitivity: The failure of the Purchaser to settle the outstanding amount could result in legal proceedings, including a bankruptcy petition. This may have a material impact on the financial position of Bromat Holdings Ltd. and could potentially affect its share price.
• Delay in Disposal: The prolonged delay in the completion of the proposed disposal introduces uncertainty regarding the realisation of proceeds from the sale, which may affect investor confidence and the company’s cash flow management.
• Shareholder Advisory: Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities. Any action taken regarding Bromat Holdings Ltd.’s shares should be made in consultation with professional advisors, given the uncertainty surrounding the disposal and the recovery of the outstanding amount.
• Regulatory Note: 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).

Additional Details

• Board Statement: The announcement is made by Executive Director Tan Keng Tiong on behalf of the Board, dated 9 January 2026.
• Sponsor Contact: For further queries, the contact person at SAC Capital Private Limited is Ms. Tay Sim Yee (Tel: +65 6232 3210), located at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.
• Capitalised Terms: Terms in this announcement are as defined in previous announcements and the circular dated 15 September 2025 regarding the proposed disposal.

Investor Takeaways

The serving of a statutory demand and the threat of bankruptcy proceedings against the Purchaser introduces significant risk to Bromat Holdings Ltd.’s ability to realise the full value from the disposal of its subsidiary. This development is material in nature and could impact the company’s financial results and share price, depending on how the situation evolves. Shareholders should remain vigilant and await further updates from the company.

Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice. Shareholders and investors are advised to consult their stockbrokers, bank managers, solicitors, accountants, or other professional advisers before taking any action with respect to their investments in Bromat Holdings Ltd. The information herein is based on public announcements and may be subject to change as further developments arise.

View Bromat Historical chart here