2024-01-23 20:50:59
After JKN or JKN Global Group Public Company Limited informed the Stock Exchange of Thailand that JKN Global Content, a subsidiary in which the Company holds 100% of the total number of shares, has proceeded to sell common shares in JKN Legacy, a subsidiary that Operates the Miss Universe Organization (MUO) business and owns the rights to Miss Universe (Miss Universe).
give to Legacy Holding Group USA Inc., 500 shares, with a par value of 0.0001 USD per share, representing 50% of all shares in JKN Legacy, with a total trading price of 16,000,000 USD (approximately 581,920,000 baht). Everyone has questions regarding ‘Legacy Holding Group. Who is USA’ and how will it affect the direction of Miss Universe?
Recently, JKN has revealed details that Investors hold 50% of JKN Legacy’s shares. The copyright holder for the Miss Universe contest is Legacy Holding Group, which has ‘Raul Rocha Cantu’ Billionaire owner of oil field business, hotel business, real estate and private jet airport Serves as Chairman of the Board of Directors and Chief Executive Officer of the Company.
The details in the news also say that ‘Raul Rocha Cantu’ This Latin American billionaire has led Legacy Holding Group in a variety of industries for more than 35 years in five regions around the world, including real estate. industrial business energy business medical business industrial estate marketing business Service business, aviation business, automotive business Entertainment business, etc.
The change that will definitely happen to Miss Universe is that Miss Universe will set up its headquarters in ‘Mexico’, which is the third location, to be responsible for taking care of business in North America and South America. And the head office in Thailand is responsible for Miss Universe operations in Thailand and all Asian countries and other countries. The office in New York, USA is responsible for managing the MUO (Brand Management) brand and developing the skills and abilities of artists and beauty queens (Talent). Development)
Additionally, Raul Rocha Cantu will bring years of expertise in business management. Come to support the MUO business by granting rights to produce products or services or trademarks under the Miss Universe brand to entrepreneurs in the country. ‘Latin America’ with interest
‘Raul Rocha’, Chairman of the Board and Chief Executive Officer of Legacy Holding Group and a joint venture partner of JKN Legacy, confirmed that Legacy Holding Group is ready to bring its experience and expertise in business operations to develop Miss Universe with a revenue generation model. Getting Basic 10 will make Miss Universe’s business value increase many times from the present. and to have a more comprehensive operation than organizing a beauty pageant. Therefore, there has been a further expansion of the scope of the Miss Universe brand to all 5 groups of products and services:
1. Spa and skin care
2. Cosmetics
3.Perfume
4. Swimsuits and underwear
5.Drinks
Prior to today’s share sale of the Miss Universe management company, back in October 2022, JKN reached an agreement with IMG Worldwide, LLC, a subsidiary of Endeavor Group Holdings, Inc., to purchase the business. Miss Universe Organization (MUO) total value not exceeding 14 million US dollars (not exceeding 550 million baht) and copyright contract for another 6 million US dollars (not exceeding 250 million baht), total investment value not exceeding 20 million US dollars or approximately 800 million baht. Before 2023, JKN will face the problem of defaulting on debt payments. Which led to filing for business rehabilitation with the Central Bankruptcy Court. To solve the liquidity problem that occurs with the company And it may be a part that leads to the sale of part of the shares of the company that holds the rights to Miss Universe today.
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