Hatten Land (SGX:PH0) which is currently under judicial management, held a creditors' meeting, where key resolutions were given the green light, according to a Monday filing with the Singapore Exchange.
Under the resolutions, the company signed a definitive agreement to acquire LBD Engineering, along with granting approval to its judicial managers to consider any proposed investment linked to the company.
Meanwhile, subsidiary, Hatten MS, was placed under liquidation.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.