Hatten Land Clarifies Position on Property Auctions

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

Hatten Land Limited has issued clarifications regarding the auction of property units linked to its subsidiary, MVSB. The Group has not received any notices about the auctions of the earmarked properties for creditor repayment or the pledged units tied to a RM60 million loan, despite media advertisements. They continue to explore alternative repayment strategies with creditors, including auctions coordinated by the lenders.

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