2023-09-27 09:35:58
HoonSmart.com>>”JKN Global Media” (JKN) stocks bounced up strongly in the afternoon. Responding to the good news, JKN239A bondholders have resolved to relax the conditions. Request payment of principal and partial interest Extending the redemption date to 23 February 2024, receiving additional interest of 0.40% to 7%, not considered an event of default according to the rights clause. and not calling for immediate repayment of bond debt (Call Default)
On 27 Sept. 2023, bondholders of JKN Global Media Company (JKN), model JKN239A, held a meeting to extend the maturity date from 1 Sept. 2023 to 23 Feb. .2024 The meeting resolved to approve the company extending the maturity date for the redemption of the bonds. without being considered an event of default
Currently, the JKN239A bond has a total credit limit of 600 million baht, according to the conditions for requesting a waiver offered by the company. Partial payments will be made. With interest at the new rate of 19.5 million baht on 15 Dec. 2023, the remaining principal must be paid in the amount of 432.45 million baht on 23 Feb. 2024.
In addition, the meeting of bondholders also approved an increase in the interest rate on JKN239A bonds to 7% per annum from the original 6.60% per annum. The new rate will come into effect from the original maturity date. From 1 September 2023 until 23 February 2024
At the same time, JKN has also received approval to grant a waiver so that the default in payment of principal and interest on the redemption date of 1 Sep. 2023 will not be considered an event of default according to the rights clause. and not calling for sudden repayment of bond debt (Call Default) from all existing bonds worth more than 3,000 million baht
The JKN stock price in the afternoon soared to a maximum of 1.25 baht, receiving good news before trading at 1.22 baht +0.05 baht or +4.27% from the intraday price dropped to the lowest 1.15 baht.
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