JKN Postpones 2023 Earnings Report over Longer-Than-Expected Asset Valuation Process

JKN Global Group Public Company Limited (SET: JKN) has announced the postponement of submission of financial statements for the Year ended December 31,2023 via the Stock Exchange of Thailand (SET).

JKN stated that the company is necessitated to postpone the submission of its consolidated financial statements and the financial statement for the year ended December 31, 2023, originally due on February 29, 2024. This delay is attributed to an ongoing valuation process conducted by an independent appraiser, which has not been completed by the scheduled date, January 31, 2024. The details pertaining to the valuation of assets are considered crucial, especially considering that intangible assets and accounts receivables are the major assets of the company, which significantly impacts its financial statements.

In this regard, the company is closely collaborating with the independent appraiser and relevant parties to ensure the financial statements will be completed and will be true, accurate, and reliable. It is anticipated that these statements for the year ended December 31, 2023, will be submitted by March 29, 2024.