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SEC advises the bondholders of all seven series of JKN bonds to submit a request to attend the creditors’ meeting to consider and select the business rehabilitation planner by 21 June 2024



Monday 27 May 2024 | No. 109 / 2024


Bangkok, 27 May 2024 – The Securities and Exchange Commission (SEC) advises the bondholders of all seven series issued by JKN Global Group Public Company Limited (JKN) to submit a request to attend the creditors’ meeting to consider and select the business rehabilitation planner (Form For. 19), together with the necessary evidence of their creditor status, to the Official Receiver, the Legal Execution Department. Submissions can be made electronically, or in person, or via the Proxy Form of the Legal Execution Department.

On 23 April 2024, the Central Bankruptcy Court ordered JKN to enter business rehabilitation and appointed the company’s management as the Interim Business Rehabilitation Planner.  The court also directed the Official Receiver to convene the creditors’ meeting to consider and select the rehabilitation planner. In this regard, the Official Receiver has scheduled the creditors’ meeting to be held on 24 June 2024 at 10.00 hours at Devakumarangrak Room, 2nd Floor, the Royal Thai Army Club, located at 195, Vibhavadi-Rangsit Road, Samsen Nai Subdistrict, Phaya Thai District, Bangkok. The meeting agenda contains the followings: 

1. Matters to be informed at the creditors’ meeting

2. Proposal of a person as the rehabilitation planner

3. Objection to the creditors’ votes

4. Selection of the rehabilitation planner

5. Other matters (if any)

The SEC is therefore recommending that all JKN bondholders who wish to attend the creditors’ meeting to consider and select the rehabilitation planner submit a request using Form For. 19 by 21 June 2024 before 16.30 hours to be eligible for voting at the creditors’ meeting. The request can be submitted through any of the following channels: 

1) Electronic submission 

Bondholders may use the electronic Form For. 19 for rehabilitation planner selection and attach the required supporting documents via the methods, terms and conditions specified on the Legal Execution Department’s website at: https://reorg-service.led.go.th/index/    

     2) Hardcopy submission

Bondholders may submit Form For. 19 to the Official Receiver at the Business Reorganization Division, the Government Complex Commemorating His Majesty the King’s 80th Birthday Anniversary, 5th December, Rajaburi Direkriddhi Building (Building A), 8th Floor, located at 120 Changwattana Road, Tong Song Hong Sub-District, Laksi District, Bangkok 10210. The Request Form is available for download on the Legal Execution Department website:  https://www.led.go.th/form/form.asp     

Currently, JKN has a total of seven outstanding bond series,** with details as follows:

(1) Callable Debentures of JKN Global Media Public Company Limited No. 2/2563 Due B.E. 2567 (2024) (JKN239A);

(2) Callable Debentures of JKN Global Media Public Company Limited No. 1/2565 Due B.E. 2567 (2024) (JKN243A);

(3) Callable Debentures of JKN Global Group Public Company Limited No. 2/2565 Due B.E. 2567 (2024) (JKN246A);  

(4) Callable Debentures of JKN Global Group Public Company Limited No. 3/2565 Due B.E. 2567 (2024) (JKN24OA); 

(5) Callable Debentures of JKN Global Group Public Company Limited No. 4/2565 Due B.E. 2567 (2024) (JKN24NA); 

(6) Callable Debentures of JKN Global Group Public Company Limited No. 1/2566 Due B.E. 2568 (2025) (JKN252A); and

(7) Callable Debentures of JKN Global Group Public Company Limited No. 2/2566 Due B.E. 2568 (2025) (JKN255A).  

JKN bondholders can study information on supplementary documents and guidelines for Form For. 19 submission on the Legal Execution Department website at https://uat.led.go.th/fastnews/infojkn.pdf. For further assistance, bondholders may contact  the Business Reorganization Division, the Legal Execution Department at 0-2142-5201-13 and 0-2142-5217-25 or consult with the bondholders’ representatives for the seven series of the bonds. 

Regardless of whether Form For. 19 is submitted, the bondholders' right to receive debt repayment remains unaffected. Once the Central Bankruptcy Court appoints the rehabilitation planner, each bondholder, irrespective of their Form For. 19 submission status, must submit a request for debt repayment within the legally specified timeframe to be eligible for debt repayment as outlined in the business rehabilitation plan. 

_______________________

Notes:

* News Release on the Central Bankruptcy Court’s Order for Business Rehabilitation in Undecided Case No. For For. 7/2024 between JKN Global Group Public Company Limited Debtor/Requestor: https://www.led.go.th/th/views/?runno=193  

** (1) Asia Plus Securities Co., Ltd. is the bondholders’ representative for JKN239A and (3) JKN246A;   

    (2) DAOL Securities (Thailand) Public Co., Ltd. is the bondholders’ representative for JKN243A (4) JKN24OA (5) JKN24NA (6) JKN252A and (7) JKN255A.





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NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 109 / 2024 Monday 27 May 2024
SEC advises the bondholders of all seven series of JKN bonds to submit a request to attend the creditors’ meeting to consider and select the business rehabilitation planner by 21 June 2024

Bangkok, 27 May 2024 – The Securities and Exchange Commission (SEC) advises the bondholders of all seven series issued by JKN Global Group Public Company Limited (JKN) to submit a request to attend the creditors’ meeting to consider and select the business rehabilitation planner (Form For. 19), together with the necessary evidence of their creditor status, to the Official Receiver, the Legal Execution Department. Submissions can be made electronically, or in person, or via the Proxy Form of the Legal Execution Department.

On 23 April 2024, the Central Bankruptcy Court ordered JKN to enter business rehabilitation and appointed the company’s management as the Interim Business Rehabilitation Planner.  The court also directed the Official Receiver to convene the creditors’ meeting to consider and select the rehabilitation planner. In this regard, the Official Receiver has scheduled the creditors’ meeting to be held on 24 June 2024 at 10.00 hours at Devakumarangrak Room, 2nd Floor, the Royal Thai Army Club, located at 195, Vibhavadi-Rangsit Road, Samsen Nai Subdistrict, Phaya Thai District, Bangkok. The meeting agenda contains the followings: 

1. Matters to be informed at the creditors’ meeting

2. Proposal of a person as the rehabilitation planner

3. Objection to the creditors’ votes

4. Selection of the rehabilitation planner

5. Other matters (if any)

The SEC is therefore recommending that all JKN bondholders who wish to attend the creditors’ meeting to consider and select the rehabilitation planner submit a request using Form For. 19 by 21 June 2024 before 16.30 hours to be eligible for voting at the creditors’ meeting. The request can be submitted through any of the following channels: 

1) Electronic submission 

Bondholders may use the electronic Form For. 19 for rehabilitation planner selection and attach the required supporting documents via the methods, terms and conditions specified on the Legal Execution Department’s website at: https://reorg-service.led.go.th/index/    

     2) Hardcopy submission

Bondholders may submit Form For. 19 to the Official Receiver at the Business Reorganization Division, the Government Complex Commemorating His Majesty the King’s 80th Birthday Anniversary, 5th December, Rajaburi Direkriddhi Building (Building A), 8th Floor, located at 120 Changwattana Road, Tong Song Hong Sub-District, Laksi District, Bangkok 10210. The Request Form is available for download on the Legal Execution Department website:  https://www.led.go.th/form/form.asp     

Currently, JKN has a total of seven outstanding bond series,** with details as follows:

(1) Callable Debentures of JKN Global Media Public Company Limited No. 2/2563 Due B.E. 2567 (2024) (JKN239A);

(2) Callable Debentures of JKN Global Media Public Company Limited No. 1/2565 Due B.E. 2567 (2024) (JKN243A);

(3) Callable Debentures of JKN Global Group Public Company Limited No. 2/2565 Due B.E. 2567 (2024) (JKN246A);  

(4) Callable Debentures of JKN Global Group Public Company Limited No. 3/2565 Due B.E. 2567 (2024) (JKN24OA); 

(5) Callable Debentures of JKN Global Group Public Company Limited No. 4/2565 Due B.E. 2567 (2024) (JKN24NA); 

(6) Callable Debentures of JKN Global Group Public Company Limited No. 1/2566 Due B.E. 2568 (2025) (JKN252A); and

(7) Callable Debentures of JKN Global Group Public Company Limited No. 2/2566 Due B.E. 2568 (2025) (JKN255A).  

JKN bondholders can study information on supplementary documents and guidelines for Form For. 19 submission on the Legal Execution Department website at https://uat.led.go.th/fastnews/infojkn.pdf. For further assistance, bondholders may contact  the Business Reorganization Division, the Legal Execution Department at 0-2142-5201-13 and 0-2142-5217-25 or consult with the bondholders’ representatives for the seven series of the bonds. 

Regardless of whether Form For. 19 is submitted, the bondholders' right to receive debt repayment remains unaffected. Once the Central Bankruptcy Court appoints the rehabilitation planner, each bondholder, irrespective of their Form For. 19 submission status, must submit a request for debt repayment within the legally specified timeframe to be eligible for debt repayment as outlined in the business rehabilitation plan. 

_______________________

Notes:

* News Release on the Central Bankruptcy Court’s Order for Business Rehabilitation in Undecided Case No. For For. 7/2024 between JKN Global Group Public Company Limited Debtor/Requestor: https://www.led.go.th/th/views/?runno=193  

** (1) Asia Plus Securities Co., Ltd. is the bondholders’ representative for JKN239A and (3) JKN246A;   

    (2) DAOL Securities (Thailand) Public Co., Ltd. is the bondholders’ representative for JKN243A (4) JKN24OA (5) JKN24NA (6) JKN252A and (7) JKN255A.