SG brief: Natural Cool and Mapletree Logistics Trust

Singapore two-dollar bills

Natural Cool Holdings said Friday its subsidiary, Natural Cool Investments, has received a letter of demand from landlord Mapletree Logistics Trust‘s solicitors seeking payment of around S$1.42 million in rental arrears for the property at 28 Tai Seng Avenue in Singapore.

No legal proceedings have begun and the company is seeking professional advice on the matter as well as talking with Mapletree Logistics Trust on an amicable resolution, Natural Cool said in a filing to SGX.