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Friday, May 3, 2024

JKN allays concerns over liquidity, bond payments

Jakkaphong Jakrajutatip, chief executive and managing director JKN Global Group Plc (JKN). (File photo: Pornprom Satrabhaya)

JKN Global Group Plc (JKN) insists its finances and liquidity remain sound, saying none of the next bond interest payments will be missed and the company is on track to meet its revenue target of more than 3 billion baht this year.

“The bond payment rescheduling was mainly caused by a liquidity mismatch and a lack of funding sources,” chief executive and managing director Jakkaphong Jakrajutatip told a briefing on Friday, referring to the announcement on Thursday that JKN cannot fully pay 609…

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