Key Points from the Announcement

• Provisional Liquidation of Genonefive Pte Ltd: On 27 November 2025, directors of Genonefive Pte Ltd, a wholly owned subsidiary of Hatten Land Limited, executed a statutory declaration stating that Genonefive is unable to continue its business due to its liabilities. This marks a significant development in the Group’s ongoing restructuring process.
• Appointment of Provisional Liquidators: Messrs Tan Wei Cheong and Lim Loo Khoon of Deloitte Singapore SR&T Restructuring Services Pte Ltd have been appointed as Joint and Several Provisional Liquidators over Genonefive.
• Upcoming Meetings:
  • Extraordinary General Meeting (EGM): Scheduled for 17 December 2025 at 2:00pm, this meeting will confirm the appointment of Genonefive’s liquidators under Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.
  • Creditors’ Meeting: Also on 17 December 2025 at 2:30pm, creditors will receive a statement on Genonefive’s affairs and confirm the appointment of liquidators under Section 166 of the same Act.
• Shares Remain Suspended: Hatten Land Limited’s shares have been suspended from trading since 6 August 2024. This announcement is particularly significant for shareholders and investors given the potential implications for the Group’s financial position and future prospects.

Important Information for Shareholders and Investors

• Potential Price Sensitivity: The inability of Genonefive to continue its business and the move towards liquidation may have a direct impact on Hatten Land Limited’s asset base, financial health, and future earnings potential. This development could affect the valuation of Hatten Land Limited and its subsidiaries.
• Legal and Regulatory Actions: The appointment of provisional liquidators and the convening of meetings under the Insolvency, Restructuring and Dissolution Act 2018 signal a formal insolvency process. Investors should understand that this could lead to further asset disposals, restructuring activities, or impact on the Group’s obligations.
• Shareholder Actions: Despite the ongoing suspension, shareholders and investors are strongly advised to keep abreast of this and future announcements, and to consult professional advisors (e.g., stockbrokers, bank managers, solicitors) regarding any actions to take in relation to their holdings.
• Ongoing Updates: The Judicial Managers have committed to providing further updates on any material developments, which may have a bearing on the Group’s restructuring strategy and eventual outcome for shareholders.

Additional Details

• The announcement has been reviewed by Hatten Land Limited’s sponsor, RHT Capital Pte. Ltd., but not by the Singapore Exchange Securities Trading Limited (SGX-ST). The SGX-ST takes no responsibility for the accuracy of statements or opinions in this document.
• The contact person for the sponsor is Mr. Josh Tan at 36 Robinson Road, #10-06 City House, Singapore 068877 (Email: [email protected]).
• The Judicial Managers overseeing the process are Tan Wei Cheong and Lim Loo Khoon, both of Deloitte Singapore SR&T Restructuring Services Pte Ltd.

Investor Advisory

• This event could have a material impact on Hatten Land Limited’s share price once/if trading resumes, as it signals further financial distress in the Group and the possibility of additional asset impairment or restructuring costs.
• Shareholders are urged to monitor all company announcements closely and seek professional advice before making investment decisions.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult qualified professionals regarding any actions in respect to their shareholdings in Hatten Land Limited. The information provided is based on company announcements as of 3 December 2025 and may be subject to change.

View Hatten Land Historical chart here