JKN Global Group Public Company Limited (SET: JKN) has stated that the dismissal of its Chief Executive Officer and Managing Director, Mr. Jakkaphong Jakrajutatip, from the position, would not impact the company’s rehabilitation plan.
With reference to the news released by the Securities and Exchange Commission (SEC) on 22 April 2025, stating that the SEC has imposed civil sanctions on two offenders, namely JKN and Mr. Jakkaphong Jakrajutatip, the Chief Executive Officer and Managing Director, and the person authorized to report information of the Company, regarding the Company’s clarification on the Stock Exchange of Thailand (SET)’s inquiry regarding news circulated on online media about the sale of the Miss Universe Organization (MUO) business which was disclosed through the listed company information disclosure system of the Stock Exchange of Thailand on 22 January 2024.
The SEC notified that the information disclosed by the Company was either inaccurate or potentially materially misleading regarding the Company’s information in a manner likely to affect investment decisions in the Company’s securities, which constitutes a violation of the Securities and Exchange Act B.E. 2535 (1992), with penalties, and civil sanctions of the same Act. Mr. Jakkaphong Jakrajutatip, in his capacity as the person responsible for the Company’s operations, engaged in conduct that led to the Company’s violation of the aforementioned provision and is therefore subject to the same penalties.
Along with a total of 4.1 million baht in fine, the SEC also bar Mr. Jakkaphong from the position of directors in any listed companies for 56 months.
In this regard, JKN disclosed that it has acknowledged the civil sanctions imposed by the SEC and is in the process of convening a meeting of the Board of Directors and relevant parties to consider an appropriate course of action. However, the aforementioned matter does not affect the Company’s business rehabilitation plan, which the Company, as the plan preparer, submitted to the Official Receiver on 4 April 2025, who will , in due course, determine and notify the date of the creditors’ meeting for eligible creditors to consider the plan.
