Hatten Land Seeks New Unsecured Loan to Replace Delayed Secured Facility

Hatten Land Limited ( (SG:PH0) ) has provided an update.

Hatten Land’s judicial managers have disclosed that funding under an existing secured facility agreement with Brilliant has been delayed due to cross‑border transfer issues, slowing workstreams related to a planned acquisition. To address its ongoing funding needs, the company is now in talks with an alternative lender on a new convertible loan that differs in size and equity conversion price and, notably, does not require security.

If the new loan is executed, Hatten Land intends to repay any outstanding amounts under the current secured facility using the fresh proceeds, cancel Brilliant’s commitment, terminate the existing agreement and release the associated security. The move could materially reshape the company’s capital structure and financing flexibility as it progresses its acquisition plans, although its shares remain suspended and investors are urged to monitor further announcements closely.

More about Hatten Land Limited

Hatten Land Limited, incorporated in Singapore and currently under judicial management, is a listed company whose shares have been suspended from trading on the Singapore Exchange since August 2024. The group has been pursuing a proposed acquisition as part of its restructuring efforts, with funding arrangements playing a critical role in its near‑term operational and strategic plans.

Technical Sentiment Signal: Sell

Current Market Cap: S$20.43M

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