JKN shares plunge as financialobligation holders need payment

JKN shares plunge as financialobligation holders need payment

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Firm defaulted last Thursday PUBLISHED : 7 Sep 2023 at 08: 04 Ms Jakkaphong firmlyinsisted bond payment rescheduling “shall not be thoughtabout as an occasion of default” in the filing. Shares of JKN Global Group plunged by more than 8% on Wednesday after agents of the business’s debenture holders required cross-defaults from the SET-listed owner of Miss Universe Organization (MUO) to payback financialobligations within 30 days. In a filing to the Stock Exchange of Thailand (SET), JKN stated it got letters from Asia Plus Securities (ASPS) and Daol Securities (Thailand), both of which are agents of the business’s 6 tranches of debentures. In a letter outdated Sept 4, ASPS stated it needed JKN to pay the overall impressive primary plus inte
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