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.

       In a filing with Bursa Malaysia yesterday, Jerasia said as at Dec 31, 2021, CASB’s outstanding amount with UOB stood at US$5.79mil (RM24.2mil) for short term loan-1, US$397,314 (RM1.6mil) for short term loan-2 and RM2.12mil for revolving credit.JASB’s outstanding amount stood at RM18.25mil for short term loan-1 and RM1.06mil for revolving credit; while JFSB’s outstanding amount stood at RM10.53mil for short term loan-1 and RM14.91mil for short term loan-2. — Bernama