Corporate digest

Jason Holdings

THE authorities have seized Jason Holdings non-executive director Jason Sim's 23.62 per cent stake in the company as part of a court judgment on a claim brought against him by CIMB Securities for S$1.3 million. The 51 million Jason shares were seized in two parts on Sept 9 and Oct 3, the company said. Shares of Jason, a supplier of timber flooring, are suspended amid a slew of claims from suppliers and creditors. Police have also interviewed Mr Sim and two other employees and former employees of Jason's main operating subsidiary, Jason Parquet Specialist (Singapore) Pte Ltd.

Otto Marine