Stock News: September 22, 2023, at 17:07 hours
The Securities and Exchange Commission (SEC) has urged bondholders of JKN239A to actively participate in upcoming bondholder meetings. Bondholders are advised to thoroughly review all relevant information and direct any inquiries to the issuers or bondholder representatives in order to make informed voting decisions.
JKN Global Group Public Company Limited (JKN), the bond issuer, has scheduled a meeting of bondholders No. 1/2023 for September 27, 2023, at 2:00 pm. The meeting will be conducted through electronic media (E-Meeting), with Asia Plus Securities Public Company Limited acting as the bondholder’s representative for JKN239A.
The agenda for the meeting includes the following topics:
- Extension of the bond’s maturity date without triggering a default event
- Partial repayment of the bond principal
- Increase in the interest rate on bonds
- Requesting a waiver to avoid default for non-payment of principal and interest on the redemption date (September 1, 2023)
The SEC has appointed bondholder representatives to thoroughly analyze the potential advantages, disadvantages, benefits, and effects of the proposed decisions on bondholders. Bondholders are advised to carefully consider all available options, along with the reasons and opinions of the bondholder representatives. The SEC encourages bondholders to utilize their rights to protect their interests by requesting additional information from the bondholder representatives. This will ensure that bondholders have complete and accurate information to facilitate their voting decisions.
By InfoQuest News Agency (September 22, 2023)
Stock news 22 September 2023 17:07 hours 2023-09-22
The Securities and Exchange Commission (SEC) asks JKN239A bondholders to exercise their rights at bondholder meetings, study information, and ask questions of issuers or bondholder representatives. In order to receive complete and sufficient information for deciding on voting.
According to JKN Global Group Public Company Limited (JKN), as the issuer of bonds JKN239A, there will be a meeting of bondholders No. 1/2023 on September 27, 2023 at 2:00 pm by meeting method. Through electronic media (E-Meeting), bond JKN239A has Asia Plus Securities Public Company Limited as the bondholder’s representative.
For that meeting, an agenda to be considered and approved was as follows:
Extending a bond’s maturity date without being considered an event of default.
Partial repayment of the bond principal
Increase the interest rate on bonds
Requesting a waiver so that non-payment of principal and interest on the redemption date, which is September 1, 2023, is not considered an event of default in accordance with the rights provisions. and not calling for payment of debt according to the debentures immediately (Call Default)
In this regard, the SEC has assigned bondholder representatives to analyze the advantages, disadvantages, benefits and effects that bondholders will have from the approval decision. or disapproval Be clear about all options. Along with the reasons and opinions of bondholders’ representatives, the SEC therefore asks bondholders to study the information carefully. and using the rights of bondholders to protect their own interests as well as requesting various information from bondholder representatives In order to obtain complete information to support voting decisions at the bondholder meeting.
By InfoQuest News Agency (22 Sep ’23)
Tags: JKN , SEC , bonds , Thai stocks , JKN Global Group
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