Bromat Holdings Receives Approval to Use Market Capitalization for Loan Agreement

MT Newswires

2024/12/12

Bromat Holdings (SGX:9I7) received an approval from the Singapore Exchange to use its market capitalization as at the end of the preceding financial year under Catalist rules for a loan agreement between the company and Frank Liu Tao for the year ending Sept. 30, 2025.

Under the Catalist rules, an issuer is allowed to calculate relevant thresholds if its latest audited net tangible assets are negative, according to a filing with the Singapore Exchange on Wednesday.

In an earlier filing, the company had entered into a loan agreement with Tao for a loan of up to SG$600,000.

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