JKN Global Group Public Company Limited (SET: JKN) has disclosed that it conducted a bondholder creditors’ meeting on May 17, 2024, to provide an update on its rehabilitation process and operational status to creditors.
The company clarified that the sale of a 50% stake in the Miss Universe Organization (MUO) to Legacy Holding Group USA Inc. (LHG) aims to enhance its business operations, ultimately leading to improved performance for MUO as an internationally renowned entity, as well as facilitating debt settlement with creditors.
Moreover, JKN outlined a repayment plan for its debts to creditors, inclusive of interests and returns. The company further announced its intention to convene another bondholder creditors’ meeting on May 31, 2024, to address the payment schedule, including specifics concerning amounts and payment arrangements.
