Hatten Land Reports on Creditor Negotiations and Potential Investments

MT Newswires10-01

Hatten Land (SGX:PH0), currently under judicial management, said its interim judicial managers are engaging with the group's principal bankers to maintain operations and have invited known creditors to lodge claims.

Discussions with major creditors are ongoing, according to a Tuesday filing on the Singapore Exchange.

Hatten Land has requested extensions to comply with certain listing obligations, which have been submitted to the Singapore Exchange and the Accounting and Corporate Regulatory Authority.

The judicial managers have also met potential investors. On Sept. 17, they entered a binding agreement for a strategic investment, and due diligence is underway.

Shares of the company have been suspended since Aug. 6.

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