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The latest announcement is out from Hatten Land Limited ( (SG:PH0) ).
Hatten Land Limited has entered into a secured facility agreement with Malaysia-based Brilliant Property Management Services Sdn. Bhd., under which Brilliant will provide a convertible loan of up to S$1 million. The financing is earmarked primarily to cover fees, costs and expenses associated with Hatten Land’s previously announced proposed acquisition, as well as other uses agreed by the lender, potentially easing near‑term funding pressures during its judicial management. Brilliant, a private real estate management and building services firm with no significant shareholding in Hatten Land and not classified as an interested or restricted person under Catalist rules, is participating for investment purposes, a structure that may offer both funding support and future equity conversion options for the company.
More about Hatten Land Limited
Hatten Land Limited, currently under judicial management, operates as a property group through its subsidiaries, with activities focused on real estate and related developments. The company is listed on the Catalist board of the Singapore Exchange and has been undergoing restructuring while pursuing strategic acquisitions to support its ongoing operations and recovery plans.
Technical Sentiment Signal: Sell
Current Market Cap: S$20.43M
For an in-depth examination of PH0 stock, go to TipRanks’ Overview page.