The share price of JKN Global Group Public Company Limited (SET: JKN) fell nearly 3% at the closing of the morning session on Monday amid pressure in the market and the recent statement of the company postponing the debenture holders meeting.
JKN announced late Friday last week that the company would like to postpone the meeting from October 12, 2023 to December 8, 2023 for the company to have sufficient time to prepare information to propose to the debenture holders of its six series of debentures.
The six series of debentures are:
1) Debentures of JKN Global Media Public Company Limited No. 1/2565 due B.E. 2567, which the debenture issuer has the right to redeem before maturity (JKN243A);
2) Debentures of JKN Global Group Public Company Limited No. 2/2565 due B.E. 2567, which the debenture issuer has the right to redeem before maturity (JKN246A);
3) Debentures of JKN Global Group Public Company Limited No. 3/2565 due B.E. 2567, which the debenture issuer has the right to redeem before maturity (JKN24OA);
4) Debentures of JKN Global Group Public Company Limited No. 4/2565 due B.E. 2567, which the debenture issuer has the right to redeem before maturity (JKN24NA);
5) Debentures of JKN Global Group Public Company Limited No. 1/2566 due B.E. 2568, which the debenture issuer has the right to redeem before maturity (JKN252A); and
6) Debentures of JKN Global Group Public Company Limited No. 2/2566 due B.E. 2568, which the debenture issuer has the right to redeem before maturity (JKN255A).
The total outstanding of these six debentures are 2,760 million baht.
Late last month, the debenture shareholders on September 27, 2023, approved a resolution for JKN to extend the maturity date of JKN239A Debentures to February 23, 2024.
Meanwhile, the Thai stock market’s SET Index closed the morning session on October 9, 2023, at 1,428.66 points, decreased 9.79 points or 0.68% amid rising concerns of the war in the Middle East between Israel and Hamas fighters, while the market still lacks positive catalysts to drive the index.
JKN fell THB0.03 or 2.86% to close the morning session at THB1.02 per share. The price plunged as much as 4.76% during the session.
