Hatten land (SGX:PH0) entered into binding key terms for the proposed strategic investment by Hungchi Enterprise, according to a filing with the Singapore Exchange on Wednesday.
Under the terms, Hungchi will invest an aggregate of SG$11.4 million in the company with the capital injection to be carried out in two equal tranches.
The proposed investment is expected to improve the company's financial position and will support its operational and developmental objectives.
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