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So after selling out their Harbor City development (If you go to Melaka before the MCO, you would have seen their sales booths all over the place in Hatten hotel and also the major shopping malls), Hatten land would after all have money to repay their convertible bonds that were due at the start of the year.
PROPOSED DIVESTMENT OF SUBSIDIARY, GOLD MART SDN BHD
As the concept originator and project developer of Harbour City, Hatten Land will assign various intellectual property such as project design and concept, domain names, internet site and marketing materials (“Intellectual Property”) to Tayrona Capital for a consideration of US$60 million.
https://links.sgx.com/FileOpen/2020%2008...eID=627159
PROPOSED DIVESTMENT OF SUBSIDIARY, GOLD MART SDN BHD
As the concept originator and project developer of Harbour City, Hatten Land will assign various intellectual property such as project design and concept, domain names, internet site and marketing materials (“Intellectual Property”) to Tayrona Capital for a consideration of US$60 million.
https://links.sgx.com/FileOpen/2020%2008...eID=627159