Hatten Land Limited (SG:PH0) has released an update.
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Hatten Land Limited has filed a supplemental affidavit for its interim judicial management application, delaying the hearing with no new date set. Concurrently, the company’s subsidiary GMSB faces demands for immediate repayment of credit facilities totaling over RM112 million, following defaults triggered by the judicial management filing. GMSB is actively seeking legal advice and negotiating with the lender to find amicable solutions.
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