Jason Holdings, the timber flooring specialist, says CEO Jason Sim Chon Ang received a High Court writ of summons by the solicitors representing CIMB Securities (Singapore) in respect of a contractual dispute between the two.
The claim set out in the writ is against Sim in his personal capacity and does not affect the business or operations of the group, says the directors of Jason.
In addition, Sim intends to contest the claim.
“The Directors, having deliberated on Mr Jason Sim’s suitability as the Executive Chairman and CEO of the Company, are of the view that Mr Jason Sim is suitable and it is in the best interest of the Company that Mr Jason Sim continues as the Executive Chairman and CEO of the Company,” says Jason in a filing this morning.
Jason will monitor the progress of the claim closely and may make a further assessment as to Sim’s suitability to continue to act as the company’s executive chairman and CEO as well as a member of the Board at a later stage.
“Shareholders of the company and potential investors are advised to exercise caution when dealing in the shares of the company in relation to this announcement,” adds Jason.
Jason last traded at 8 cents.
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The claim set out in the writ is against Sim in his personal capacity and does not affect the business or operations of the group, says the directors of Jason.
In addition, Sim intends to contest the claim.
“The Directors, having deliberated on Mr Jason Sim’s suitability as the Executive Chairman and CEO of the Company, are of the view that Mr Jason Sim is suitable and it is in the best interest of the Company that Mr Jason Sim continues as the Executive Chairman and CEO of the Company,” says Jason in a filing this morning.
Jason will monitor the progress of the claim closely and may make a further assessment as to Sim’s suitability to continue to act as the company’s executive chairman and CEO as well as a member of the Board at a later stage.
“Shareholders of the company and potential investors are advised to exercise caution when dealing in the shares of the company in relation to this announcement,” adds Jason.
Jason last traded at 8 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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