Tag: Hatten Land Limited

Hatten Land Signs Partnership Agreement to Launch The World’s First-of-its-Kind Mobile Legends: Bang Bang, Southeast Asia’s Top Game with 100 Million Monthly Active Users, Themed Integrated Esports Hub in Melaka at ElementX

Hatten Land Limited (惠胜置地有限公司) (“Hatten Land“, “Company“, and together with its subsidiaries, the”Group“) is pleased to announce that its wholly-owned subsidiary Hatten Edge Pte. Ltd. (“Hatten Edge“) has signed a partnership agreement with MOONTON Games to jointly develop and launch the world’s first Mobile Legends: Bang Bang (“MLBB“) Integrated Esports Hub in Melaka at EleementX and promote Mobile Legends: Bang Bang in Malaysia and across the region via marketing campaigns, esports tournaments and branding events.

MOONTON Games and Hatten Land to Jointly Develop and Transform ElementX Mall and Hotel in Melaka into the World’s First MLBB-themed Integrated Esports Hub at ElementX

Developed by MOONTON Games, Mobile Legends: Bang Bang has more than one billion downloadsglobally with a consistent player base of 100 million monthly active users and it is the number 1 multiplayer online battle arena game in Southeast Asia.

Since the 2019 Southeast Asian Games (“SEA Games”), Mobile Legends: Bang Bang has been featured insuccessive SEA Games as a medal event. In May 2022, the SEA Games’ MLBB event amassed over 2.2 million concurrent viewers at its peak, during the grand final match between Indonesia and the Philippines, setting a new viewership record at the 31st SEA Games(3).

According to Sensor Tower Store Intelligence estimates, total gross revenue of Mobile Legends: Bang Bangsurpassed US$500 million in 2020 with user spending of US$214.1 million in 2019. Malaysia has proven to beMobile Legends’ most lucrative market globally, with players there spending US$87.5 million in the game, or17 percent of total revenue. Indonesia ranked No. 2 for player spending, generating US$69.2 million, or 14percent of the total, while the United States was No. 3, racking up US$64.1 million, or 12.8 percent of allrevenue(2).

Under the partnership agreement, MOONTON Games and Hatten Land will jointly develop and transform ElementX mall and hotel in Melaka into the world’s first Mobile Legends- themed Integrated Esports Hub thataims to attract 20 million visitors from around the region.

With multiple giant-sized displays of Mobile Legends: Bang Bang characters and eye-catching MLBB-themed façade and interior designs, the world’s first MLBB-themed Integrated Esports Hub aims to create experiential interactions and an immersive environment for players and fans, creating new innovative experiences and conducive spaces for gaming and Esports activities, thereby attracting more footfalls toElementX.

Located on prime acreage within the centre of a UNESCO World Heritage City attracting 18.9 million visitors pre-covid, ElementX encompasses gross floor area of 1.88 million square feet of retail and entertainment space spanning across 13 floors, aimed at attracting experienced gamers and those who are new to Esports and immersive phygital experiences.

Attracting new visitors (such as gamers and fans) and boosting tourism activities in Melaka, ElementX is expected to become the destination mall in Melaka and a brand-new family go- to attraction in Malaysia.

Positioned as Southeast Asia’s first large-scale integrated Esports experiential hub, Metaverse gateway andthemed award-winning hotel accommodation, Hatten Land has made continual advancement of HattenLand’s strategic pivot, including Phygital, Metaverse and Esports, to attract footfalls and increase value of its physical assets by re-purposing the assets and partnering with established industry leaders, such as Huawei International, Focus Media Sports, KITAMEN and Melaka Esports Association, etc. With the addition of Mobile Legends:

Bang Bang, the Southeast Asia’s top game, Hatten Land has once again shown its consistency and constant commitment towards delivering its strategic pivot announced.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “Gaming is becomingthe most engaging form of entertainment in the world with Esports gaining more momentum as a spectatorsport.

Mobile Legends: Bang Bang has experienced explosive growth globally with Southeast Asia being its key revenue market since its launch in 2016.

Catering to the growing popularity of MLBB, the world’s first-of-its-kind MLBB-themed integrated Esports Hub at ElementX is conceptualised with an array of experiential interactions and immersive environment as well as multi-dimensional offerings that redefine gaming experiences, creating a special bond among MLBB fans and attracting more footfalls and hotel guests to ElementX.

Together with MOONTON Games, we share the same commitment in creating a thriving, sustainable Esports and gaming ecosystem in Malaysia and across the region, boosting tourism spending and spurring new growth and opportunities across other business adjacencies.”

Mr. Fikri Rizal Mahruddin, Marketing Lead of MPL Malaysia, MOONTON Games, added: “Our partnership with Hatten Land to launch the world’s first MLBB-themed integrated Esports Hub at ElementX in Melaka is another important experiential initiative for us to connect with our players and fans in a way that other forms of media cannot replicate.

We look forward to work closely together with Hatten Land to drive more community-driven and crowd-funded eventsacross the region, increasing the popularity of Mobile Legends: Bang Bang and winning new fans.”

(1) https://themalaysianreserve.com/2021/03/03/mobile-gaming-is-the-future/
(2) https://sensortower.com/blog/mobile-legends-revenue-500-million
(3) https://www.oneesports.gg/mobile-legends/31st-sea-games-mlbb-grand-final-record/

Note: This press release is to be read in conjunction with the SGX announcement released on the same date.

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

To potentially enhance the value of its physical assets as well as create digital assets at the same time, with sustainability efforts in mind, the Group’s new business strategies is to re- purpose the Group’s physical assets, in particular its malls, by identifying new uses, including but not limited to co-sharing office spaces, talent innovation hub, education-related activities, cinema operations, crypto mining and renewable energy activities.

The Group has obtained shareholders’ approval to diversify its business to include renewable energy, physical-digital malls, cryptocurrency mining and the Metaverse via an extraordinary general meeting on 30 December 2021.

With the various digital and renewable initiatives announced by the Group, there are opportunities for the Group to enter into new markets offering new business opportunities which would potentially provide additional and recurrent revenue streams and assist in continual growth of the Group.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

For more information, please visit: www.hattenland.com.sg

This announcement has been prepared by Hatten Land Limited (the “Company”) and its contents have been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited (the “Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Media & Investor Contact for Hatten Land :
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Hatten Land Attracts New Partner for its Crypto Mining Activities With Additional 550 Crypto Mining Rigs that can be Installed and Operated in 2022

Hatten Land Limited (“Hatten Land”, “Company”, and together with its subsidiaries, the “Group”) is pleased to announce today that its wholly-owned subsidiary Hatten Edge Pte. Ltd. (“Hatten Edge”) has entered into a Crypto Mining Facility and Support Services Agreement (“Agreement”) with a new business partner (“Partner”), where up to 550 crypto mining rigs can be added to the Group’s crypto mining activites and deployed across its crypto mining facilities in Melaka.

The Partner agrees to deliver 50 sets of S19J Pro as pilot batch machines by end of April 2022 for Crypto Mining operation to location(s) designated by Hatten Edge for the provision of Crypto Mining services. Produced by BITMAIN, the world’s leading manufacturer of digital currency mining servers, S19J Pro is the top-of-the-line model and considered to be one of the most productive and energy-efficient mining rigs in the market. Under the Agreement, the pilot batch of rigs will be delivered and installed by 30 April 2022 with the option of delivering additional 500 in 2022.

Since its strategic pivot towards the digital economy in late 2021, the Group has gained strong momentum in partnering with established crypto mining operators, including the Partner, who are attracted by the Group’s large-scale, high-quality mining facilities and collaborative business model. In addition, as an SGX listed company, there are added assurances on Hatten Land’s compliance and professionalism.

The Partner and its owner have hundreds of crypto mining rigs operating within Southeast Asia currently, including Peninsular Malaysia, East Malaysia and Laos, and endeavours to expand its crypto mining operations with Hatten in Melaka.

Both companies will share the net proceeds of the cryptocurrencies that are mined after deducting the related operational and management expenses. As such, the Agreement is expected to contribute positively to the net assets and financial performance of the Group for the financial year ending 30 June 2022, barring unforeseen circumstances.

The Group’s strategy is to leverage its existing physical assets to provide a secure and stable facility to host crypto mining activities without having to incur substantial capital expenditure or recurring cash outflow. Under this asset-light model, the Group will obtain a share of the net proceeds of digital assets being mined, with the crypto mining activities focused on Bitcoin (“BTC”) at the initial phase.

Since January 2022, the Group’s mining operation is smooth and stable within its converted facilities (reference pictures can be found below within the press release), despite the tightened border controls between Singapore and Malaysia. With a total of three such agreements for crypto mining activities and the reopening of borders between Singapore and Malaysia from 1 April 2022, the Group aims to target new opportunities with new business partners to utilise top-end crypto mining rigs to expand and scale up its crypto mining operations.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “Since we started crypto mining operations in January 2022, we are now more well-equipped and better positioned than ever to expand our operations.

Large scale, high-quality, low-cost crypto mining facilities are highly sought-after in Malaysia. With our growing track record, we aim to build on this momentum to secure new partnerships and expand into one of the leading cypto currency mining service providers in Asia.”

Separately, in light of the full resumption of pre-covid land transportation and further easing of other modes of transportion between Singapore and Malaysia, from 1 April 2022, the Group will accept major cryptocurrencies, through a registered licensed partner, for property sale, retail and hospitality transactions under its property portfolio. With key properties primarily in Melaka, one of Asia’s iconic tourist destinations, Hatten Land’s current development portfolio comprises five integrated mixed-use development projects and retail malls that has a combined built-up area of 6 million square feet.

According to a report by World Economic Forum, the advent of cryptocurrencies has led to the creation and operation of new global, decentralized networks that have been used by over 100 million people across the world to transfer trillions of dollars of value.

Dato’ Colin Tan added: “With the popularity of cryptocurrencies, there is a growing trend by consumers to use it as a payment method for a range of products and services, both online and offline.

Together with the rise of digital economy in Asia, there are strong incentives for us to integrate cryptocurrencies in our business activities to access new demographic groups and liquidity pools.”

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

To potentially enhance the value of its physical assets as well as create digital assets at the same time, with sustainability efforts in mind, the Group’s new business strategies is to re-purpose the Group’s physical assets, in particular its malls, by identifying new uses, including but not limited to co-sharing office spaces, talent innovation hub, education-related activities, cinema operations, crypto mining and renewable energy activities.

The Group has obtained shareholders’ approval to diversify its business to include renewable energy, physical-digital malls, cryptocurrency mining and the Metaverse via an extraordinary general meeting on 30 December 2021.

With the various digital and renewable initiatives announced by the Group, there are opportunities for the Group to enter into new markets offering new business opportunities which would potentially provide additional and recurrent revenue streams and assist in continual growth of the Group.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

For more information, please visit: www.hattenland.com.sg

Media Contact for Hatten Land:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Hatten Land Signs Comprehensive Collaboration Agreement with Huawei

SGX Catalist-listed Hatten Land Limited (“Hatten” or the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that its wholly-owned subsidiary Hatten Edge Pte. Ltd. (“Hatten Edge”) has entered into a Comprehensive Collaboration Agreement (“CCA”) with global leading information and communications technology (ICT) provider Huawei International Pte. Ltd. (“Huawei International”).

Highlights:
– Utilising their respective capabilities in technology, operational resources and business networks, Huawei and Hatten will jointly explore and develop business opportunities in key areas such as Cloud Computing, Virtual World solutions, Digital Entertainment, Data Centres, Renewable Energy, Fintech Infrastructure, among others
– The partnership is a testament of Hatten’s ongoing efforts and commitment in its strategic pivot and it will be another important catalyst to accelerate its digital and blockchain business ventures
– Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions
– Through this partnership, Hatten will focus on the joint development of eco-friendly data centres in Melaka to support Hatten’s ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region
– Both companies will also endeavor to develop large scale solar facilities and other renewable energy opportunities in the region that will be managed by the Group

Under the CCA, both companies will jointly explore and develop opportunities in cloud computing and enterprise intelligence, renewable energy, data centres, fintech infrastructure in Melaka and the region by utilising their respective capabilities in technology, operational resources and business networks.

Due to the fast-paced digital transformation and impact of the pandemic, Southeast Asia has seen phenomenal growth in digital entertainment, including the gaming and esports sector of which the Malaysian gaming market alone is expected to show an annual growth rate (CAGR 2021-2026) of 9.60%, resulting in a projected market volume of US$676m by 2026. Tapping on the high growth and profitability potentials of the digital entertainment industry, Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions. Currently, HUAWEI CLOUD is one of the world’s fastest growing major cloud service provider.

Likewise in the cloud computing sector, the Southeast Asian cloud market is expected to reach US$40.32 billion by 2025. The Hatten-Huawei partnership will also focus on the joint development of eco-friendly data centres in Melaka to support Hatten’s ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region.

In addition, both companies aim to work on potential opportunities of large-scale solar facilities in the region, thereby augmenting the Group’s sustainability efforts. As a start, Hatten’s first PV project of installing over 6,000 solar panels on the roof of the largest mall in Melaka, Dataran Pahlawan Melaka Megamall, in 2022, will be equipped by Huawei’s smart inverters.

The Company has substantial hospitality and commercial property businesses and assets in Melaka, a UNESCO World Heritage Site which is a major tourist attraction in Southeast Asia. Hatten has recently had undertaken a major strategic review to re-purpose its malls and to pivot its business model towards blockchain-related and digital economy trends as well as opportunities in digital assets.

Hatten’s digital opportunities include building “Virtual” world, starting with a digital twin city of Melaka (“Digital Melaka”), which will contain NFTs, tokens and other digital assets using blockchain and initiatives. HUAWEI CLOUD will endeavour to support Hatten’s strategies and initiatives in blockchain, NFT, ‘green’ and ‘clean’ digital assets, custodian services and other digital asset creation and monetisation activities by providing its latest research and innovations on industrial-grade infrastructure architecture designed for financial institutions.

With the partnership targeted towards the regional markets, there are strong opportunities to leverage on both Huawei and Hatten’s business networks to harness the emerging trends and business opportunities in Asia’s digital economy.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten, said: “The Huawei-Hatten partnership is a strong and uniquely complimentary combination. Huawei’s expertise in innovation, technology and complex digital product integrations, and Hatten’s established track record and business network in Malaysia and the region will allow us to build the next generation of cloud solutions, digital platforms and renewable energy solutions.

Together, working as one team, we aim to unlock the full potential of digital transformations and business opportunities within the new digital economies in Asia.”

“HUAWEI CLOUD is excited to be working with Hatten to support its digital related ventures. We believe our technology and innovation will help with the multifaceted needs Hatten has for its strategic pivot,” says Rex Lei, Managing Director of HUAWEI CLOUD Singapore.

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

For more information, visit: www.hattenland.com.sg