The Thai Stock Exchange has announced that today, December 26, 2025, will be the last trading day of JKN Global Group Public Company Limited (SET: JKN) before being delisted from the exchange.
In the statement, the Stock Exchange of Thailand (SET) urges shareholders and investors to exercise caution when trading JKN securities, as JKN’s financial statements for the year 2023 and Form 56-1 One Report that JKN disclosed through the SET’s system still contain false information. Furthermore, JKN has not yet submitted and disclosed publicly the rectified financial statements for the year 2023 which was instructed by the Securities and Exchange Commission (SEC), nor has it submitted its financial statements for the year 2024 up to the present. (Detail as shown in SET’s news and company’s news on December 8, 2025).
Yesterday, the Court of Appeal for Specialised Cases overturned a prior ruling, rejecting JKN’s petition for business rehabilitation. The court found that JKN’s financial crisis was driven by internal mismanagement and a significant lack of good governance. Notably, the company prioritised repaying 300 million baht to its own directors over other creditors and relied on continuous debt issuance—totalling 17 debenture series—rather than sustainable profitability to fuel its growth. Following defaults in September 2023, the company faced immediate debt obligations of approximately 3.21 billion baht.
As the court found no viable path for rehabilitation, JKN has lost its “Automatic Stay” protection, which previously shielded it from debt collection. Creditors are now legally permitted to pursue lawsuits and asset seizures. This decision places immense pressure on JKN’s liquidity and its diverse business portfolio.
