The Thai company JKN Global Group, owner of the Miss Universe beauty pageant, announced on Thursday that it has filed for debt rescue due to liquidity problems. The company, led by popular businesswoman and trans activist Jakapong Anne Jakrajutatip, said in a statement that it submitted a petition for “business rehabilitation” to Thailand’s Central Bankruptcy Court on Wednesday, in order to rearrange its operations and debt. The company is requesting to extend its debt repayment period, lower its interest rates on existing debt and sell assets to settle some outstanding payments and continue its operations.
Anne Jakrajutatip, the CEO of the Thai company, was once considered the third richest trans woman in the world, according to Forbes magazine in 2020. Jakrajutatip is famous in Thailand for speaking out and established a foundation to promote transgender rights called Life…
