Jerasia subsidiaries apply for judicial management order

KUALA LUMPUR: Jerasia Capital Bhd has announced that three of its wholly owned subsidiaries - Jerasia Fashion Sdn Bhd, Jerasia Apparel Sdn Bhd and Canteran Apparel Sdn Bhd - have applied for a judicial management order to allow for a restructuring and regularisation of their finances.

In a bourse statement, the group said the judicial management orders, if granted, would get the involvement of an independent professional to facilitate the restructuring of the group with the assistance of the board of directors and management.