Jason Holdings says S$1.74m claim by ANZ due and owing by two directors as guarantors

JASON Holdings said the sum of S$1.74 million that is being claimed by ANZ is due and owing by Jason Sim Chon Ang and Sim Choon Joo as guarantors for banking facilities granted to Jason Parquet Specialist (Singapore) Pte Ltd (JPSS).

The troubled timber flooring maker said that non-executive director Mr Jason Sim and executive director Mr Sim Choon Joo received the statutory demand from ANZ's solicitors on Sept 26.

The statutory demands stated that if payment (including the legal costs of S$10,000) is not made or is secured or compounded to the satisfaction of ANZ within 21 days, ANZ may file bankruptcy applications against the two individuals.

The latest announcement by Jason Holdings follows an earlier announcement over the weekend that the company had received the demand letter from ANZ for S$1.74 million that is due and owing by the company as guarantor for the banking facilities to JPSS, its principal operating unit.