Hatten Land Limited Faces Judicial Management

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

Hatten Land Limited has announced a court hearing scheduled for August 21, 2024, regarding its interim judicial management application and has filed a supplemental affidavit to address specific details of the application. Additionally, the company’s indirect wholly-owned subsidiary, GMSB, has received a notice of receivership, resulting in the suspension of GMSB directors’ powers to manage the company’s assets without approval from the newly appointed receivers. Shareholders are urged to consult with professionals and stay informed through future company announcements, especially since the company’s shares are currently suspended.

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