Corporate digest

Hatten Land

THE High Court of Malaya has granted Hatten Land subsidiary MDSA Ventures a three-month debt moratorium, and leave to call for creditors' meetings, the Catalist-listed company said in a bourse filing on Saturday. The restraining order commenced on July 10.

Earlier in July, Hatten Land said MDSA Ventures and another subsidiary, MDSA Resources, had applied for a three-month restraining order to restrain any legal proceedings against them and/or their assets, including any winding up or arbitration proceedings. They also applied for the court's leave to call for creditors' meetings to consider and approve a proposed scheme of arrangement and compromise between each developer and their respective unsecured creditors.