JKN Slumps 4% after Postponing Bondholders Meeting Indefinitely

On Friday at 11:10 AM (Bangkok time), the share price of JKN Global Group Public Company Limited (SET: JKN) dropped by 4.04% or THB 0.04 to THB 0.95 per share, with a trading value of THB 16.27 million.

The decline of JKN’s share price came after the company announced the postponement of the date to convene the meeting of bondholders of JKN Global Group Public Company Limited indefinitely and cancellation of the closure of bondholders register via the Stock Exchange of Thailand (SET) on February 15, 2024, with the details as follows:

Reference is made to JKN Global Group Public Company Limited’s notice of its intention to convene a meeting of the bondholders for bonds series JKN239A, JKN243A, JKN246A, JKN24OA, JKN24NA, JKN252A, and JKN255A on February 22, 2024, at 2:00 PM, which the company has notified the registrar to close the register of bondholders and has determined the list of bondholders for each series entitled to attend the meeting of February 12, 2024, as duly set out in the letter referred herein.

As the company and its financial advisor are currently in the process of preparing information and consulting with all relevant parties to consider the details to be presented at the meeting of the bondholders for all seven series, the company deems it necessary to postpone the meeting date originally scheduled for February 22, 2024, and cancel the closure of the register of bondholders to determine the list of bondholders entitled to attend the meeting for each series as of February 12, 2024.

The company did not specify the next meeting date for bondholders.