Hatten Land Limited (SG:PH0) has released an update.
Hatten Land Limited has engaged Deloitte & Touche Financial Advisory Services to develop a restructuring plan and explore fundraising strategies amid financial challenges, including a recent notice of default and demand letter from Kenanga Investment Bank Berhad concerning outstanding payments. The company is committed to resolving these issues by negotiating with Kenanga and securing new financing facilities expected in FY2024.
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