Chinese Global Investors gets letter of demand from landlord over rental arrears

Singapore

CATALIST-listed investment holding group Chinese Global Investors Group appears to be having some difficulty paying its rent and wages.

On Tuesday it said that it has received a letter of demand from law firm Allister Lim & Thrumurgan (AL&T), claiming the sum of S$12,462.63 for the landlord, Ashford Investment, as arrears in rent and late payment interests. The landlord is also claiming for legal costs of S$38.