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Friday, May 17, 2024

JKN shares plunge as debt holders demand payment

Firm defaulted last Thursday

Ms Jakkaphong insisted bond repayment rescheduling “shall not be considered as an event of default” in the filing.

Shares of JKN Global Group plummeted by more than 8% on Wednesday after representatives of the company’s debenture holders demanded cross-defaults from the SET-listed owner of Miss Universe Organization (MUO) to repay debts within 30 days.

In a filing to the Stock Exchange of…

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