Court seizes Jason director's entire 23.62% stake

AUTHORITIES have seized the entire 23.62 per cent shareholding stake of Jason Holdings non-executive director Jason Sim as part of a court judgment on a claim brought against Mr Sim by CIMB Securities for S$1.3 million.

The stake, comprising 51 million Jason shares, was seized in two parts on Sept 9 and Oct 3, the company said.

Shares of Jason, a supplier of timber flooring, are currently suspended amid a slew of claims from suppliers and creditors. Police have also interviewed Mr Sim and two other employees and ex-employees of Jason's main operating subsidiary, Jason Parquet Specialist (Singapore) Pte Ltd.