The Stock Exchange of Thailand (SET) notified the market with an announcement requiring JKN Global Group Public Company Limited (SET: JKN) to clarify and disclose information following the trending topic of the resignation of its directors and the resolution of the Board of Directors’ meeting.
On November 15, 2023, JKN Global Group Public Company Limited (JKN) announced the resignation of 5 directors, which 2 directors gave the reason for their resignation that they were not invited to attend the Board of Directors’ meeting on November 7, 2023 which it was resolved that the company would submit a request for business rehabilitation to the Central Bankruptcy Court.
SET stated that the filing for business rehabilitation to the Central Bankruptcy Court is important to its shareholders and investors since it affects their benefits. Therefore, the fact that some directors were not invited to attend the Board of Directors’ meeting has raised the question if there were any effect on the Board of Directors’ resolution and whether that meeting complied with the company’s regulations and related laws.
In addition, SET made a request for JKN to clarify and disclose information through SET’s Disclosure system within November 20, 2023 and recommended the investors to monitor the company’s clarification.
