Hatten Land Receives SGX Waiver on Profit Forecast Disclosure for Metrocon Acquisition
MT Newswires
Jul 01
Hatten Land (SGX:PH0) received a waiver from the Singapore Exchange, exempting the company from third-party auditor attestation for financial projections used in an independent business valuation of the acquisition target, Metrocon.
The waiver was sought since it could constitute a profit forecast under MAS guidelines, which require auditor attestation, according to a Tuesday bourse filing.
SGX granted the waiver since the RTO circular contained no financial projections that would allow investors to derive Metrocon's future profits.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.