SINGAPORE (Oct 12): Beleaguered Catalist-listed Jason Holdings says its former CEO Jason Sim Chong Ang’s entire 23.62% stake of shares in the company has been seized, in order to satisfy his debt of $1.3 million to CIMB Securities (Singapore).

This takes place nearly a year after Sim first received a high Court writ of summons by CIMB Securities’ solicitors.

Jason Holdings, a provider of timber flooring, is also in the midst of a financial dispute with ANZ bank regarding banking facilities granted to its wholly-owned subsidiary, Jason Parquet Specialist, which Sim was also a director for.  

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