Hatten Land Limited Seeks 180-Day Extension for Judicial Management

Hatten Land Limited (Under Judicial Management), listed in Singapore, has announced a significant update regarding its ongoing judicial management process. Investors and shareholders should pay close attention, as the outcome of this application could materially impact the company’s future and its share value.

Key Points from the Judicial Management Extension Application

• Extension Application Filed: The judicial managers have filed an application in the High Court of Singapore to extend the judicial management order for an additional 180 days starting from 7 April 2026.
• Hearing Scheduled: The hearing for this application is scheduled for 31 March 2026 at 2:30pm at the Supreme Court of Singapore.
• Objection Process: Parties wishing to object must file affidavits by 19 March 2026, 4pm, and serve them by email and eLitigation.
• Submission Requirements: All submissions and supporting documents must be exchanged and filed by 24 March 2026, hardcopies to be tendered to the Court. Submissions are limited to 35 pages per party.
• Attendance List: Any party wishing to attend must notify the judicial managers by 12pm SGT on 20 March 2026, providing detailed information including support/opposition stance, representative details, and estimated time for oral submissions.
• Access to Cause Papers: Relevant court documents will be made available to affected creditors or interested parties upon written request to the judicial managers.
• No Compulsory Attendance: Parties are not required to attend or file documents unless they wish to convey a specific position or issue to the Court.

Implications for Shareholders and Investors

• Share Suspension: Hatten Land Limited’s shares have been suspended since 6 August 2024. Investors should be aware that no trading can occur until suspension is lifted, which is dependent on the resolution of judicial management and regulatory approval.
• Potential Price Sensitivity: Extensions of judicial management typically signal ongoing financial distress and uncertainty about future operations. The outcome of the extension hearing can influence the company’s restructuring chances, asset recovery, and ultimate value for shareholders.
• Information for Shareholders: The company urges shareholders and investors to carefully review this and all related announcements. If in doubt, consult professional advisors such as stockbrokers, solicitors, or bank managers before making any decisions concerning your shares.
• Further Updates: The judicial managers intend to make further announcements as appropriate, depending on the progress of the extension application. These updates could be material and affect share value.

Procedural Details for Interested Parties

• If you wish to attend the hearing, you must email the judicial managers at [email protected] with your details by 20 March 2026 (12pm SGT). Required information includes your name, representative info, relationship to the party, legal representation status, letter of authorisation (if applicable), and whether you support or oppose the extension, plus time needed for oral submissions.
• Copies of filed cause papers are available upon written request for those whose interests may be affected.
• Submissions should not exceed 35 pages and must be filed by 24 March 2026.

Sponsor and Contact Information

The company’s sponsor for compliance is RHT Capital Pte. Ltd. The sponsor has reviewed the announcement but the Singapore Exchange has not examined or approved it and does not take responsibility for its contents. For sponsor-related queries, contact Mr. Josh Tan at [email protected].

What Investors Should Do Now

• Monitor upcoming announcements closely for further developments.
• Consider seeking independent professional advice if unsure about your position or actions regarding Hatten Land Limited shares.
• Be aware that the outcome of the judicial management extension hearing could have substantial impact on the company’s future, including restructuring prospects, asset recovery, and share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell shares of Hatten Land Limited. The outcome of judicial management proceedings is uncertain and may materially affect the company’s value. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions.

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