JCK International Public Company Limited (JCK), the issuer of JCK217A bond, convened  a bondholders’ meeting on 11 April 2025 but did not meet the quorum requirement under the terms and conditions. Therefore, the company will re-convene the bondholders’ meeting electronically on 22 April 2025 at 14.00 hours to consider the following matters:    (1) Approving an extension of two years for the bond maturity period, with the new maturity date set for 26 July 2027;   

  (2) Approving an increase in the interest rate from 7.25 percent per year to 7.50 percent per year during the extended maturity period;  

(3) Approving the adjustment of five principal repayment installments, with the first four installments comprising a total of not less than 12 percent of the bond value as of the issuance date, and the fifth installment settling the remaining balance on the new maturity date.  

The SEC requires that the bondholders’ representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholders’ representative to obtain comprehensive information before making a voting decision at the bondholders’ e-meeting.   

Remark: 

Asia Plus Securities Co., Ltd. serves as the bondholders’ representative for JCK217A bond due on 26 July 2025.