Hatten Land

HATTEN Land has signed a convertible loan agreement with Haitong International Financial Products (Singapore) and Colin Tan, under which Haitong will extend to Hatten a convertible loan of US$20 million, and Mr Tan, Hatten's executive chairman and managing director, will provide a personal guarantee.

Hatten said most of the proceeds will be used for the completion of the Hatten City Projects and other development projects.