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.