Home News Aviation & Engineering

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
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.