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

Samantha Chiew
Samantha Chiew • 1 min read
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.
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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.

The letter of demand requests for the payment of US$219,284.25 ($298,500) in relation to outstanding payables amount for shipment made in 2016.

JEP is currently seeking legal advice from its solicitors on the implications of the YG-1 Claim.

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