ANZ serves winding-up application on Jason Holdings

AN application to wind up troubled timber flooring maker Jason Holdings will be heard in the High Court on Dec 2.

This was revealed in a filing to the Singapore Exchange on Wednesday. The application was served by Australia and New Zealand Banking Group (ANZ) on the Catalist-listed company.

ANZ has proposed that Chan Yee Hong from Nexia TS Risk Advisory Pte Ltd be appointed the liquidator.

On Sept 26, Jason received a statutory demand from the solicitors of ANZ for a claim of about S$1.74 million that is due to the bank.

"The company has failed and/or neglected to pay or satisfy in full (or any part of) the demanded sums, or make any offer to ANZ to secure or compound the same or any part thereof," wrote Wednesday's release.