2023-12-09 15:50:13
“Ann-Jakkraphong” asks for a job opportunity Accelerate the rehabilitation of JKN business, reveal solutions to problems Declare that he is ready to take responsibility for creditors to get their money back fairly and equally.
Ann-Jakkraphong Chakrajutathip Chief Executive Officer and Managing Director along with Mrs. Narinthorn Anukroh Thanaphong Deputy Managing Director of Finance and Accounting and Mr. Teeraphan Petsuwan legal advisor JKN Global Group Public Company Limited or JKN makes a statement confirming responsibility Ready to ask for the opportunity to work To speed up business rehabilitation
Mr. Chakkraphong Chakrajutathip Chief Executive Officer and Managing Director of JKN Global Group Public Company Limited or JKN revealed that JKN has been open for more than 10 years, realizing that Global media and content business There has been rapid change. Consumer behavior has changed from before. Online media and applications are being used to watch series or movies more than ever before.
Therefore, the company has adjusted its business model to diversify risk. and create new businesses with high growth Therefore leading to investing in a business that is recognized around the world like the Miss Universe Organization that can generate income. and became the main business of JKN.
In this regard, the past Miss Universe contest in El Salvador It is considered a great success. Both in terms of stage, lighting, sound, and perfect competition management. Broadcasted to more than 160 countries around the world. and received the highest ratings on Telemundo, Roku, and social platforms. with over 1,000 million visitors
Currently, the main business of the company is divided into 4 groups:
1. Being the owner of the Miss Universe Organization that has been around for more than 70 years, able to generate income from expanding new businesses under the Miss Universe brand.
2. Content Sales, owner of copyrights for program content in series, movies, cartoons, and documentaries from various countries such as India, South Korea, China, the Philippines, and the United States, along with being a copyright distributor for television station business operators of all systems.
3. Selling Consumer Products under Anne’s Brand through the JKN Hi-Shopping channel on television screens. and on online platforms
4. Media Sales, doing business on digital TV By collaborating to produce news programs between JKN 18 and TOP NEWS for broadcast on JKN18 channel.
Mrs. Narinthorn’s side Anukroh Thanaphong Deputy Managing Director of Finance and Accounting, JKN Global Group Public Company Limited, said that following being listed on the Stock Exchange, the company has continued to expand its business. By raising funds by increasing capital commercial bank borrowing and issue bonds Currently, the bond value is over 3,000 million baht.
The company then used the money from the debentures as investment in business expansion, totaling more than 2,286 million baht, and the rest was used as capital for business operations. But when the company’s customers There is a delay in payment. This caused the company to have a problem of lack of liquidity. and unable to repay the bonds as scheduled
Therefore, the financial advisor and legal advisor recommended that the company apply for a rehabilitation plan with the Central Bankruptcy Court. For the company Able to continue operating While looking for a solution to solve the debt problem
Mr. Teeraphan Petsuwan Legal advisor of JKN Global Group Public Company Limited said that entering the business rehabilitation process It will help the company solve the company’s liquidity problems efficiently. There is a law to support and provide fair protection to all involved parties.
In addition, the company Can continue to operate the business while it is in the business rehabilitation process. To solve the company’s problems and to create stable profits from continued business operations in the future
Revealing the causes – guidelines for business rehabilitation
1. Even though the company is not yet insolvent Not yet in bankruptcy But the company’s debt repayment may have problems and lead to bankruptcy proceedings, causing the company’s intangible assets to depreciate. which will affect and cause damage to the company’s creditors and shareholders in the near future
2. To protect creditors to receive payment according to the plan. Therefore, it is necessary to bring the company into the business rehabilitation process.
3. The company has prepared information documents. List of creditors and the amount of every type of debt, present to the court and creditors to consider appointing the company to create a business rehabilitation plan. Then on November 8, 2023
4. The company will prepare a business plan to be consistent with the allocation of cash flow for debt repayment. by allowing creditors and the court to consider and approve
5. The company will manage the business plan according to the plan that has already been approved by the creditors’ meeting and the court.
6. When the creditor has received payment according to the plan. The company will exit the plan. Then continue to conduct business as usual with stability.
Mr. Chakkraphong concluded by saying that the company is committed and determined in asking for opportunities to solve various problems successfully. and ready to confirm that the problem will be solved So that creditors will receive their money back fairly and equally.
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