Hatten Land Creditors Approve Strategic Moves: Acquisition, New Investments, and Subsidiary Liquidation Amidst Share Suspension

Key Developments from the Creditors’ Meeting

Hatten Land Limited, currently under Judicial Management, has reached a critical milestone in its restructuring process following the outcome of its latest creditors’ meeting on 31 October 2025. The meeting, held via video-conference, saw creditors vote on several resolutions with significant implications for the future of the company and its shareholders.

Main Resolutions Approved

• Approval of Acquisition Agreement: Creditors have authorised the Judicial Managers (JMs) to enter into a definitive agreement with LBD Engineering Pte. Ltd (“LBD”), contingent upon the fulfilment of conditions set out in a binding term sheet dated 7 October 2025. This marks a key step in the company’s turnaround strategy, potentially introducing new assets, synergies, and capital into Hatten Land.
• Flexibility for New Investments: The JMs have been empowered to entertain and execute agreements for any new investment proposals relating to the company as they see fit. This opens the door for further capital injections or strategic partnerships, enhancing the company’s financial flexibility.
• Liquidation of Subsidiary: A pivotal decision was made to place Hatten MS Pte Ltd, a subsidiary of Hatten Land, into liquidation. This move is likely aimed at streamlining operations and shedding underperforming or non-core assets, which could improve the group’s overall financial position.

Shareholder Impact and Price-Sensitive Information

Share Suspension Still in Effect: Hatten Land’s shares have remained suspended since 6 August 2024. Despite the series of potentially transformative developments, trading remains halted. Shareholders and investors are strongly urged to stay informed of these changes, as developments in the company’s restructuring and investment activities could materially impact share value once suspension is lifted.

Judicial Managers’ Authority Expanded: By approving these resolutions, creditors have given the JMs greater latitude to negotiate and execute agreements without the need for further creditor approval. This could accelerate restructuring and recovery efforts, or conversely, introduce greater uncertainty and risk depending on the nature of future investments or divestments.

Reporting to the High Court: The JMs are required to report the outcome of the vote to the High Court of Singapore, ensuring ongoing legal oversight and transparency throughout the restructuring process.

What Should Investors Do?

• Closely monitor official announcements from Hatten Land for updates on the acquisition with LBD, any new investment proposals, and the liquidation process of Hatten MS Pte Ltd.
• Consult with professional advisors before making any decisions regarding their shareholdings, especially given the ongoing suspension and uncertainty regarding the company’s future structure.
• Recognize that the eventual resumption of trading could see significant volatility in the share price, depending on the perceived success or failure of these restructuring measures.

Further Information

The announcement was reviewed by RHT Capital Pte. Ltd., but not by the Singapore Exchange Securities Trading Limited. The Exchange does not assume responsibility for the content or accuracy of the information provided.

Contact Information

For further queries, shareholders may contact Mr. Josh Tan at RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, or via email at [email protected].

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own legal, financial, or other professional advisors prior to making any investment decisions. The author and publisher assume no liability for actions taken based on the information herein.

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