Hatten Land enters SGD 0.7 million convertible loan facility with Skyone Holdings

Reuters17:20

Hatten Land enters SGD 0.7 million convertible loan facility with Skyone Holdings

Hatten Land, under judicial management, entered into a facility agreement with Skyone for a convertible loan of up to SGD 0.7 million. The loan carries interest of 10% per annum and is available for drawdown until one month before the repayment date. The facility is to be used for costs related to the proposed acquisition and for refinancing part of the company’s existing indebtedness under a 23 December 2025 facility with Brilliant. The loan is repayable 18 months from the facility agreement date, with an option to extend by up to six months if the proposed acquisition does not complete by 15 days before the original repayment date. The outstanding balance can be converted into ordinary shares, subject to shareholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hatten Land Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5C5YHPZBQKQGRLWZ) on March 13, 2026, and is solely responsible for the information contained therein.

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