Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 316

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 316
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 on demand. The outstanding balance was US$8,958,967 as of April 30, 2023. During the year ended April 30, 2024, all principal amounts were converted to share capital. As of April 30, 2024, the outstanding balance was US$1,103,749, which was all accrued interest. The amount due to other related parties consists of outstanding loan balance due to Asian Prosperity Singapore Pte. Ltd. of S$296,410 (US$217,756) and S$250,000 (US$187,406), respectively, as of April 30, 2024 and 2023, for a loan of S$250,000 (US$195,955) which was entered into on April 27, 2023 at an interest rate of 6% and repayable June 27, 2023. (1)During the year, Otsaw Group sold goods and services to Swisslog Healthcare AG Branch Italy, Swisslog Healthcare AG Branch Netherlands, Swisslog UK, SAS Swisslog France and Activ Technology Group. (2)During the year, Otsaw Group purchased goods and services from Activ Technology Pte Ltd, Swisslog Healthcare GmbH, Swisslog Healthcare AG Branch Germany, Swisslog Healthcare AG Branch Netherlands, Meyzer Management Advisory Pte Ltd and SG Networks Pte Ltd. Swisslog Healthcare AG holds 6.7% shareholding of Otsaw Swisslog Healthcare Robotics Pte Ltd and 0.6% shareholding of Otsaw Limited. Therefore, Swisslog Healthcare AG Branch Italy, Swisslog Healthcare AG Branch Netherlands, Swisslog Healthcare AG Branch Germany, Swisslog Healthcare GmbH, Swisslog UK, SAS Swisslog France and Swisslog Healthcare Asia Pacific Pte Ltd are the related party of Otsaw Group. Director and CEO of Otsaw Limited is the director and shareholder of Activ Technology (S.H) Limited, Activ Technology (H.K.) Limited, Activ Technology Pte Ltd, SG Networks Pte Ltd and Ararrat Capital Pte Ltd. Meyzer Management Advisory Pte Ltd and Meyzer Business Advisory Pte Ltd are owned by one of the directors. Serial System International Pte Ltd holds 15.7% shareholding of Otsaw Limited. Serial System International Pte Ltd, Asian Prosperity Singapore Pte Ltd and Serial Microelectronics Pte Ltd are the group of companies held by Serial Ltd. Therefore, Asian Prosperity Singapore Pte Ltd and Serial Microelectronics