JKN’s CEO Offloads 60 Million Shares of JKN in What Could Have Been a “Forced Sell”

JKN Global Group Public Company Limited (SET: JKN)’s CEO Jakkaphong “Anne” Jakrajutatip has sold 60 million shares of the company’s shareholding stake, according to the filing from the the Securities and Exchange Commission of Thailand, published on November 17, 2023. 

There were two transactions, according to the filing. One with 4,149,400 shares at THB0.30 per share, and another one with 55,850,600 shares at THB0.27 per share for a total value of around 16 million baht. 

It is worth noting that it could be a forced sell after the share price of JKN has been plunging at a fastest pace. JKN’s share prices have plunged 72.50% from the announcement of the rehabilitation plan on November 9 to the closing of the latest season on November 17, 2023.