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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.