New Thai owner of Miss Universe files for bankruptcy

The pageant owner told the SET it would carry out the following five rehab measures:

– Restructure its business and finances to respond to its current financial situation and address the liquidity crunch.

– Seek lower interest rates on debt instalments so it has enough revenue to continue running the businesses.

– Seek funds from new investors and financial institutions.

– Sell off non-performing assets to earn money to repay creditors.

– Prepare a plan to ensure liquidity.