Hatten Land Limited (SG:PH0) has released an update.
Hatten Land Limited is scheduled for a court hearing on August 14, 2024, to discuss the company’s application for interim judicial management, amid efforts to handle its financial challenges. Simultaneously, the company’s subsidiary, Gold Mart Sdn Bhd, has received a notice from United Overseas Bank (Malaysia) for the repayment of loans totaling over RM111 million, with the company actively seeking legal advice and amicable solutions. Shareholders and investors are advised to stay informed and seek professional advice regarding their shares during the company’s ongoing suspension.
For further insights into SG:PH0 stock, check out TipRanks’ Stock Analysis page.
