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Libra Group receives letter of demand

The Edge Singapore
The Edge Singapore 10/11/2021 9:55 PM GMT+08  • 1 min read
Libra Group receives letter of demand
Libra Group received a letter of demand from Mitsubishi HC Capital Asia Pacific on Oct 8
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Libra Group announced that it received a letter of demand on Oct 8 from the solicitor representing Mitsubishi HC Capital Asia Pacific Pte Ltd for $14,309.28 that is allegedly owed by Kin Xin Engineering Pte Ltd to Mitsubishi for the alleged breach of a hire purchase contract.

The solicitor representing Mitsubishi has also alleged that the company is a guarantor for all sums owing by Kin Xin to Mitsubishi and Mitsubishi is claiming the sum of $14,309.28 from the company. The Company is seeking legal advice on the letter of demand and will take the appropriate action accordingly.

Photo by Beatriz Pérez Moya on Unsplash

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