United Hampshire US REIT has responded to an SGX query about its bank balance in its latest H1 results:

Given the Group’s significant liabilities of $309.2 million and cash and bank balance of only $12.6 million, please disclose the Board’s assessment

(i) whether the Group's current assets are adequate to meet the Group's short term liabilities of $103.3 million, including its bases of assessment; and

(ii) how the Group intends to fulfil its significant payment obligations in the next 12 months.