Jason Holdings hit with more claims from creditors

Singapore

TROUBLED timber flooring maker Jason Holdings on Sunday said it has received two more letters of demand from creditors that will have a material and adverse impact on the firm.

The claims are the latest in the string of repayment claims that the company has been hit with in recent months. In September, the Commercial Affairs Department of Singapore called in two persons - one current employee and a former staff - of its principal operating unit, Jason Parquet Specialist (Singapore) Pte Ltd (JPSS), for an ongoing investigation.