letter of demand

REITs

Dasin Retail Trust receives letters of demand from members of trustee-manager on outstanding payments

The letters, dated Jan 24, were from the trustee-manager’s CEO, CFO, CIO and executive secretary.

Company in the news

Singapore Paincare Holdings receives letter of demand over Mount Elizabeth tenancy negotiations

CEO of Singapore Paincare Dr. Bernard Lee owns 100% of Medbridge Marketing, which issued the letter of demand.
DBS sends LOD to Sen Yue for almost $17.9 mil, Sen Yue to be wound up if it doesn’t return payment by stipulated date - THE EDGE SINGAPORE

Company in the news

Sen Yue in CAD probe; suspends Koh Mia Seng from all executive duties, proposes to remove him as director

Sen Yue says it is in discussions with DBS on suitable repayment proposals.

Management & Corporate Governance

JEP gets letter of demand for outstanding payment of US$0.2 mil

SINGAPORE (June 13): JEP Holdings says wholly-owned subsidiary JEP Industrates has received a letter of demand dated June 7, 2019, by solicitors acting for South Korea-based YG-1 Co.

Update

Sino Grandness to service $28.7 mil debt using dividends from China

SINGAPORE (Feb 7): Sino Grandness Food Industry Group says it is currently preparing to repatriate funds back from China, by way of dividend, amid ongoing negotiations with Soleado Holdings to extend the repayment of $28.7 million owed.

Management & Corporate Governance

Innopac hit with letter of demand for $14.7 mil; asks for trading suspension

SINGAPORE (June 7): Investment holding company Innopac Holdings has received a letter of demand from Saxo Bank.

China Environment unit receives letter of demand from Bank of China

SINGAPORE (Oct 19): China Environment announced that wholly-owned subsidiary, Fujian Dongyuan Environmental Protection Co., has received a letter of demand dated Oct 12 from the Bank of China claiming the repayment of RMB56.1 million ($11.5 million) in ov
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