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Hatten Land Faces ACRA Compliance Issues in Financial Reporting

Story Highlights
  • Hatten Land received a letter from ACRA about non-compliance in its 2022 financial statements.
  • The company must adjust its 2024 financials and disclose changes as per ACRA’s findings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hatten Land Faces ACRA Compliance Issues in Financial Reporting

Elevate Your Investing Strategy:

Hatten Land Limited ( (SG:PH0) ) has issued an announcement.

Hatten Land Limited has received a final findings letter from the Accounting and Corporate Regulatory Authority (ACRA) regarding its financial statements for the year ended June 2022. The company was found to have not complied with certain financial reporting standards, particularly in measuring expected credit loss for trade receivables and in disclosing changes in measurement basis for repossessed property inventories. ACRA has requested the company to make necessary adjustments and disclosures in its financial statements for the year ending June 2024. The company’s shares have been suspended since August 2024, and stakeholders are advised to stay informed about the company’s announcements.

More about Hatten Land Limited

Hatten Land Limited, incorporated in Singapore, operates under judicial management and is part of a group focused on real estate and property development. The company is currently navigating compliance issues related to its financial reporting standards.

YTD Price Performance: 10.0%

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$20.43M

For an in-depth examination of PH0 stock, go to TipRanks’ Stock Analysis page.

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