Hatten Land Seeks Extension of Judicial Management Order: Critical Updates for Investors

Key Points from the Announcement

• Judicial Management Order Extension: Hatten Land Limited, currently under judicial management, has formally applied to the Singapore Court to extend its judicial management order by 180 days—from its expiry on 9 October 2025 to a new date of 7 April 2026.
• Court Hearing Scheduled: The hearing for this application is set for 6 October 2025 at 10:00 am.
• Directions for Objections: Any party wishing to object must file an affidavit by 24 September 2025, 4:00 pm. All affidavits must be served by email, followed by e-service.
• Required Court Submissions: By 29 September 2025 at 4:00 pm, parties must submit their legal submissions (max 35 pages per party), a list of attendees indicating support or opposition, and a time bank.
• Access to Cause Papers: Creditors or interested parties can obtain copies of the relevant cause papers by writing to the Judicial Managers at [email protected].
• Share Trading Suspension: Hatten Land shares have been suspended since 6 August 2024 and remain under suspension.
• Advisory to Investors: The company urges shareholders and investors to read all announcements carefully and seek professional advice when dealing with their shares.
• Further Updates Expected: Additional announcements will be made as material developments occur.

What Investors and Shareholders Must Know

• Judicial Management Extension Could Impact Value: The extension of judicial management signals ongoing financial distress and uncertainty about Hatten Land’s ability to resolve its issues within the previously set timeline. Investors should be cautious as prolonged judicial management often raises concerns about recovery, restructuring prospects, and the long-term viability of the company.
• Share Suspension Is Ongoing: Since the shares have been suspended for over a year, liquidity is effectively zero, and investors cannot trade Hatten Land shares until further notice. Any material development regarding the judicial management process or potential restructuring could trigger a change in suspension status and potentially affect share prices once trading resumes.
• Potential for Objections or Alternative Outcomes: The court has provided explicit procedures for objections, which means there is potential for stakeholders (creditors, shareholders) to challenge or influence the outcome of the extension. The final result of the hearing could shape the company’s future and impact share valuations.
• Access to Legal Documents: Investors and creditors who believe they may be affected can access the relevant legal filings to understand the company’s position and arguments in the extension application. This transparency is important for informed decision-making.
• Advisory on Professional Consultation: The company strongly encourages consultation with stockbrokers, bank managers, solicitors, or other financial advisors before taking any action on Hatten Land shares.
• Price Sensitivity: Material developments—such as court decisions, objections by major stakeholders, or new restructuring plans—could be highly price sensitive. Investors should monitor future announcements closely, as these could materially alter the company’s prospects and share value.

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Hatten Land’s Judicial Management Extension: Critical Developments Ahead for Suspended Shares

Additional Details and Context

Hatten Land Limited’s financial distress has led to its placement under judicial management—a court-supervised process designed to rehabilitate distressed companies. The current judicial management order was due to expire on 9 October 2025, but the company’s judicial managers have sought a 180-day extension, now pending court approval. The process is highly structured, with precise deadlines for objections (24 September 2025) and legal submissions (29 September 2025).

The outcome of the hearing on 6 October 2025 is uncertain. Key stakeholders—including creditors and shareholders—are invited to participate and may influence the court’s decision. The fact that the company remains in judicial management suggests that previous efforts to resolve its financial issues have not yet succeeded. Whether the extension is granted or not, the result will likely have significant ramifications for all stakeholders.

Notably, Hatten Land’s shares have been suspended since August 2024, meaning there has been no trading activity for over a year. Any news regarding the company’s financial status, restructuring, or exit from judicial management could be highly price sensitive and move the share price sharply if and when the suspension is lifted.

The announcement was reviewed by the company’s sponsor, RHT Capital Pte. Ltd., but not examined or approved by the Singapore Exchange, which assumes no responsibility for its contents.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are strongly advised to consult professional advisors before making any investment decisions regarding Hatten Land Limited. The author and publisher assume no liability for any losses incurred as a result of reliance on this information.

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