JKN Global reassures investors after bond payment rescheduling

JKN Global Group Plc (JKN), the owner of the Miss Universe Organization (MUO), reassured investors that its financial status is robust, despite a recent bond payment rescheduling caused by a liquidity mismatch. Jakkaphong Jakrajutatip, the chief executive and managing director, said at a briefing that the company is set to meet its revenue target of over 3 billion baht this year and will not miss any forthcoming bond interest payments.

The company had recently announced that it could not fully pay the 609 million baht due on its JKN239A debentures. Instead, it would pay 26% of the total, 156.6 million baht, leaving an outstanding balance of 443 million baht. The payment, comprising 146.62 million baht of principal and 9.98 million in interest, was disclosed in…