SEC Warns JKN Bondholders to Submit Software for Collectors’ Assembly

The SEC warns all 7 collection of JKN bondholders to submit an software to precise their intention to attend a gathering of collectors to think about selecting to arrange a plan. From now till 21 June 2024, Monday 27 Could 2024

The Securities and Change Fee (SEC) is notifying all bondholders of JKN International Group Public Firm Restricted (JKN) to submit a request to precise their intention to attend a gathering of collectors to think about electing a shareholder of digital proof of collectors. or ship it your self or give authorization in accordance with the Authorized Motion Division kind to the Recipient, Authorized Motion Division.

Because the Central Chapter Courtroom ordered on April 23, 2024, ordering JKN to rehabilitate its enterprise and appoint JKN executives as short-term directors. The Official Receiver has known as a gathering of collectors to think about and select which particular person must be the maker of the plan. The Official Receiver has organized a gathering of collectors to think about the selection of scheme maker at Thewakarmrangrak Room, 2nd ground, Military Membership, No. 195 Vibhavadi. -Rangsit Highway, Samsen Subdistrict in Thai Phaya District, Bangkok on June 24, 2024 at 10:00 am

1. Issues notified to the collectors’ assembly
2. Nominate the plan preparer
3. Objection to the collectors’ vote
4. Vote to decide on the maker of the plan
5. Different issues (if any)

The SEC subsequently warns all bondholders who want to attend the assembly of collectors to think about selecting to arrange a plan. Submit an software to pick an F.19 plan preparer by June 21, 2024 at 4:30 pm with a view to have the suitable to vote on the collectors’ assembly. In line with the next technique
1) Digital submission Bond holders can submit an software to pick an F.19 plan preparer and fix proof to help the applying in accordance with the strategies and situations set out on the web site of the Authorized Execution Division. https://reorg-service.led.go.th/index/

2) Submit paperwork to the Receiver within the Authorized Motion Division. Debenture holders can submit an software to pick an F.19 plan preparer to the Official Receiver within the Debtors’ Enterprise Rehabilitation Division. Authorities Heart Commemorating His Majesty the King’s eightieth Birthday, 5 December, Ratchaburi Direkrit Constructing (Constructing A), eighth Ground, No. 120 Chaengwattana Highway, Thung Track Hong Subdistrict, Lak Si District, Bangkok 10210 You’ll be able to obtain the printable kind from the Authorized Motion Division Web site. https://www.led.go.th/kind/kind.asp

JKN presently has a complete of seven excellent bonds** which the issuer has the suitable to redeem the bonds earlier than the redemption date as follows:
(1) Debenture No. 2/2020 due 2024 (JKN239A)
(2) Debenture No. 1/2022 due 2024 (JKN243A)
(3) Debenture No. 2/2022 due in 2024 (JKN246A)
(4) Debenture No. 3/2022 due in 2024 (JKN24OA)
(5) Debenture No. 4/2022 due in 2024 (JKN24NA)
(6) Debenture No. 1/2023 due in 2025 (JKN252A)
(7) Debenture No. 2/2023 due in 2025 (JKN255A)

JKN bondholders can research details about supporting paperwork and tips for submitting an software to pick an F.19 plan preparer on the web site of the Authorized Implementation Division. Or name to inquire on the Debtors Enterprise Rehabilitation Division, Authorized Motion Division, telephone no. 0-2142-5201-13, 17-25 and may contact for extra info from representatives of every of the 7 collection of bondholders.

Nonetheless, submitting or not submitting an software to decide on an F.19 plan preparer doesn’t have an effect on the bond holder’s proper to obtain a debt compensation. When the court docket orders the appointment of a scheme preparer All bondholders, whether or not they have filed Type 19 or not, should submit an software for debt compensation throughout the authorized interval. Due to this fact, they are going to be entitled to debt compensation as specified within the rehabilitation plan.

Observe:
* Information announcement in regards to the Central Chapter Courtroom There’s a enterprise rehabilitation order in pink case quantity FF7/2024 between JKN International Group Public Firm Restricted, the debtor/applicant. https://www.led.go.th/th/views/?runno=193
** (1) JKN239A and (3) JKN246A have Asia Plus Securities Co, Ltd because the bondholder’s consultant.
(2) JKN243A (4) JKN24OA (5) JKN24NA (6) JKN252A and (7) JKN255A Dao Securities (Thailand) Public Firm Restricted is the bondholders’ consultant.