SEC advises JKN bondholders to file for debt repayment within 4 December 2024

SEC advises JKN bondholders to file for debt repayment in business rehabilitation case by December 4, 2024, either electronically or in person at Legal Execution Department offices nationwide.

The Securities and Exchange Commission (SEC) is advising the bondholders of JKN Global Group Public Company Limited (JKN) to file for debt repayment in the business rehabilitation case with the Legal Execution Department electronically or in person or via the Proxy Form of the Legal Execution Department to the official receiver or at the Legal Execution Department offices nationwide within 4 December 2024. 

On 23 April 2024, the Central Bankruptcy Court issued an order to JKN for the business rehabilitation and appointed JKN as the plan administrator on 29 August 2024. Pursuant to the Bankruptcy Act, B.E. 2483 (1940), the next step is for the creditors to file for debt repayment with the official receiver of the Legal Execution Department within one month from the publication date in the Government Gazette on 4 November 2024. The filing for debt repayment is due on 4 December 2024*. To protect the bondholders’ rights for debt repayment, the SEC encourages each and every bondholder to file for debt repayment though the following channels:    

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    (1) Electronic filing: The bondholders may use the electronic form and attach supporting documents through the procedures, terms and conditions specified on the Legal Execution Department website at https://reorg-service.led.go.th/index/ ;     

    (2) Hardcopy filing at the Legal Execution Department: The bondholders may file for debt repayment with the official receiver at the Business Reorganization Division, the Government Complex Commemorating His Majesty the King’s 80th Birthday Anniversary, 5th December, Rajaburi Direkriddhi Building (Building A), 8th Floor, 120 Changwattana Road, Tong Song Hong Sub-District, Laksi District, Bangkok 10210 or the Legal Execution Department offices nationwide. The Filing Form is downloadable on the Legal Execution Department website at this link: https://www.led.go.th/th/views/?runno=82 

The JKN bondholders can access the supplementary documents and filing guidelines for the debt repayment request on the Legal Execution Department website at: https://www.led.go.th/th/views/index.asp?runno=216 or call the Legal Execution Department at 0-2152-5221 

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Source : SEC advises JKN bondholders to file for debt repayment in the business rehabilitation case within 4 December 2024