SEROJA INVESTMENTS LIMITED

(Company Registration Number: 198300847M)

(Incorporated in the Republic of Singapore)

(the "Company")

  1. MONTHLY VALUATION OF ASSETS AND UTILISATION OF CASH; AND
  1. QUARTERLY UPDATE OF MILESTONES IN OBTAINING A NEW BUSINESS, IN ACCORDANCE WITH RULE 1018(1)(b) OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST")

The Board of Directors of the Company ("Board") wishes to announce the following updates pursuant to Rule 1018(1)(b) of the Listing Manual of SGX-ST.

  1. MONTHLY VALUATION OF ASSETS AND UTILISATION OF CASH
    1. The Company's assets and liabilities as at 30 September 2021 are as follows:

S$'000

Cash and bank balances

41,229

Deposits and prepayments

43

Financial assets, at fair value through profit or loss

62

Investments in subsidiary corporations

43

Total assets

41,377

Less:-

Accrued liabilities and other payables

(127)

Net assets

41,250

2. The Company's utilisation of cash in the month of September 2021 is as follows:

S$'000

Balance as at 31 August 2021

41,232

Professional fees and listing expenses

(4)

Administrative expenses

(21)

Currency translation gain/(loss)

22

Balance as at 30 September 2021

41,229

Cash and bank balances as at 30 September 2021 comprise:-

S$'000

Cash at bank and on hand

298

Short-term bank deposits

1,636

Cash under escrow account with UOB

39,295

41,229

Note:

The figures set out in paragraphs 1 and 2 above have not been reviewed or audited by the Company's auditor.

  1. QUARTERLY UPDATE OF MILESTONES IN OBTAINING A NEW BUSINESS
    Please refer to the announcement made by the Company on 19 October 2021 on the application for (i) waiver to comply with Rule 1018(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited and (ii) extension of time for the Company to enter into a definitive agreement to acquire a new business. The Company will update shareholders in due course as and when there are material developments.

By order of the Board

Lim Poh Chen

Financial Controller

21 October 2021

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Seroja Investments Limited published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 23:53:06 UTC.