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Singapore Exchange (SGX) today welcomed Hatten Land to Catalist under the stock code “PH0”.
Hatten Land is a property developer with an established reputation in developing premium integrated residential, hotel and commercial developments in Malaysia. Hatten Land is the property development arm of Hatten Group, a leading brand in Malaysia with core businesses across property development, property investment, hospitality, retail and education.
Hatten Land has a track record of over 10 years in property development. Its current development portfolio includes three integrated mixed use development projects in Malacca, Malaysia, namely Hatten City Phase 1, Hatten City Phase 2 and Harbour City. Hatten Land has also designed and is developing a retail mall in Malacca, named Vedro by the River.
Colin Tan, Executive Chairman and Managing Director, Hatten Land Limited, said:
The listing of Hatten Land Limited on SGX-ST enhances our visibility and provides a platform to collaborate with more international business partners in our future developments. Besides our current portfolio of four key assets valued at RM1.9 billion, Hatten Land has access to more than 20 prime land bank and development rights for future development. The access to the capital market offers us significant impetus to pursue our next phase of growth.
With over 10 years of track record, Hatten Land is the largest mixed integrated developer in Malacca, a trusted and multi-award-winning property developer who is focused on delivering our strategy for growth and enhancing long-term shareholder value. We are committed to enhance our competitive edge while we set our sights to be a regional property developer in Southeast Asia to cater to the growing demand for quality integrated developments in the region,” he added.
Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, commented:
We are delighted to welcome Hatten Land to Catalist. Your listing will provide investors in Singapore an opportunity to invest in the growing residential and hospitality property market of Malacca, Malaysia’s historical state. With Hatten Land’s access to more than 20 land parcels and development rights held by the Hatten Group for future development, we look forward to supporting Hatten Land in its future growth.
With a market capitalisation of about S$393 million, the listing of Hatten Land brings the total number of real estate companies listed on SGX to 55, with a combined market capitalisation of S$90 billion, and the total number of companies listed on Catalist to 189, with a combined market capitalisation of $11 billion.
Hatten Land opened at S$0.295 today.