The Stock Exchange of Thailand (SET) has moved to delist the securities of JKN Global Group Public Company Limited (SET: JKN), effective December 27, 2025. This significant action stems from JKN’s disclosure of false financial statements for 2023 and an Annual Registration Statement (Form 56-1 One Report) containing false financial information, which is deemed to seriously and adversely affect the interests of shareholders and investor decision-making.
Issues identified by the Securities and Exchange Commission (SEC) include questions regarding the actual existence of trade receivables and the reasonableness and actual existence of transactions related to the purchase and sale of content.
SET has scheduled a final seven-business-day trading period for JKN securities from December 18 to December 26, 2025. During this window, investors must exercise extreme caution. All purchases must be executed through a cash balance account, requiring investors to pay the full amount in cash prior to purchasing, and an NC (Non-Compliance) sign will be posted throughout the period to alert investors. JKN securities will also be excluded from the calculation of the SET Index.
SET disclosed that investors should be aware that the disclosed 2023 financial statements and Form 56-1 still contain false information, as JKN has not yet submitted the rectified financial statements instructed by the SEC, nor has it submitted its financial statements for the year 2024. Furthermore, to facilitate trading on December 18, 2025 (the first day of the final trading period), SET will not apply the daily price limits (Ceiling & Floor), the Dynamic Price Band rule, or the Auto Pause feature until an initial transaction occurs. After the effective delisting date, investors may follow up on JKN’s financial disclosures via the SEC’s website.
