Hatten Land unit mops up remaining stakes of firms that own sites in Malacca

Singapore

MALAYSIAN property developer Hatten Land Limited's wholly owned subsidiary is planning to acquire the remaining minority interests in two development sites in Malacca for about RM28.9 million (S$9.6 million).

The Catalist-listed firm said in a late Singapore Exchange filing on Dec 15 that subsidiary Sky Win Management Consultancy Pte Ltd had entered into two sale and purchase agreements with Tan Ping Huang Edwin, Hatten's executive director and deputy managing director, and the holder of the minority interests in Rico Development Sdn Bhd (RDSB) and Rico Ventures Sdn Bhd (RVSB), on Dec 15.