Repayment demands pile up on Jason Holdings

Singapore

TROUBLED timber flooring provider Jason Holdings and its parquet unit have received another letter of demand from a bank and face other claims by contractors, the Catalist-listed company said in a Singapore Exchange filing on Tuesday.

Jason Parquet Specialist (Singapore) or JPSS, which is the principal operating unit of Jason Holdings, has also had its tenancy at a dormitory in Kaki Bukit terminated by its landlord.

Jason said on Tuesday that ANZ's Singapore branch has sent it, JPSS and Jason executive directors Jason Sim Chon Ang and Sim Choon Joo letters of demand.

These letters demanded full repayment of around S$1.69 million, consisting of a S$1.64 million principal and about S$52,000 in …