Now, with the completion of a reverse takeover (RTO) of Revez Group, the company is starting a new chapter. It has been renamed Revez Corp. A new management and board of directors have been put in place and the company has also changed its listing sponsor from SAC Capital to Hong Leong Finance. And, of course, it has a new business.
SINGAPORE (June 10): As a timber flooring specialist, Jason Holdings had provided more than 30 types of timber species to meet customer preferences and budgets since it was established in 1987. But in the last seven years, the Catalist-listed company’s financial performance and position had deteriorated, following a financial scandal involving its founder.
The company went through a debt restructuring exercise that involved the liquidation of two subsidiaries, leaving it without a core business.
