Jerasia’s subsidiaries default on payments

Jerasia subsidiary Canteran Apparel factory. (Filepic)

KUALA LUMPUR: Jerasia Capital Bhd (Jerasia) announced that its wholly-owned subsidiaries have defaulted in the repayment of principal and interest of their respective financing facilities provided by the United Overseas Bank (M) Bhd (UOB).

They are Canteran Apparel Sdn Bhd (CASB), Jerasia Fashion Sdn Bhd (JFSB) and Jerasia Apparel Sdn Bhd (JASB), which are not major subsidiaries of the apparel manufacturer.