JKN emphasizes that there is enough cash even if the RO is not sold out, there is no plan to use the AO Fund due to Miss Universe. start earning

Mr. Jakkaphong Jakrajutatip Chief Executive Officer and Managing Director of JKN Global Group Public Company Limited or JKN revealed that after allowing existing shareholders to exercise their right to subscribe for newly issued shares (Right offering or RO) in the amount of 372,751,468 shares at the rate of 2 shareFor 1 new share at a price of 3 baht between April 11-12 and April 17-19, 2023, it was found that there were shareholders who exercised their right to buy RO capital increase shares totaling 266,830,087 shares, or equivalent to 800,490,261 baht.

Excluding the offering of newly issued ordinary shares for private placement or (Private Placement) to Tobo Group Company Limited, a subsidiary of which Unistretch Company Limited holds shares in 99.99 percent and is part of the GP Group under the management of the Shah family because the GP Group has another 66,666,666 shares, offering price 4.50 baht, equivalent to 300 million baht, which is expected to be completed within the third quarter.

Capital base is strong enough

However, the offering of capital increase RO shares this time has helped to build a strong capital base that is sufficient for appropriate financial restructuring and reducing financial costs in the long run. As a result, financial ratios improved, for example, the debt-to-equity ratio (D/E Ratio) was reduced to 1.5 times from the end of 2022 at 1.85 times, while significantly supporting good profitability. The remainder is used as working capital for business operations and to support future investments.

At the same time, it also helps to promote better cash flow from operations and is sufficient for business operations. The Company therefore does not plan to use additional AO Fund due to Miss Universe Organization or MUO business group with 9 income structures. which has already started to earn income from operations and is expected to make this year’s revenue of 1,100 million baht according to the target Including the company There is a plan to generate income, Licensing & Merchandising Fee, or selling products or services or granting the right to produce products or services. under various brands or trademarks of MUO to consumer products and consumer products to market in Thailand and abroad to create the New S Curve for JKN.

“Using the right to purchase RO shares at this time, myself and the Chakrajutatip family. Has exercised its full rights as a major shareholder and retained ownership of JKN and was able to set policies and directions of operations to drive the company. towards the set goals, “said Mr. Chakrapong.