Hatten Land’s Malaysian unit launches RM 200 million MTN program

By Marisa Wong

Morgantown, W.Va., Sept. 11 – Hatten Land Ltd. announced that wholly owned subsidiary Fuyuu Resources Sdn. Bhd. established an up to RM 200 million medium-term note program on Monday. Hatten Land is the guarantor.

Kenanga Investment Bank Bhd. is the lead arranger and lead manager for the 15-year program.

Proceeds will be used to finance investments, working capital, capital expenditure requirements and other general corporate purposes.

Hatten Land is a property developer based in Singapore with properties in Singapore and Malaysia.

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