JKN shares are in serious trouble, falling on the floor for 2 days in a row, falling 30% this afternoon.

The share price of JKN Global Group Public Company Limited (JKN) this afternoon (1 September 2566) continues to decline.

The share price decreased by 0.51 baht or 30% to 1.19 baht per share after the company had liquidity problems resulting in postponing payment of bond debt worth 443 million baht.

JKN stock price continued to drop, hitting floor price for the second day after yesterday (2 Aug.) falling 31 baht or 0.68%, closing at 28.57 baht per share.

Recently, Mr. Chakpong Chakrajutathibodi, Chief Executive Officer and Managing Director of JKN Global Group Public Company Limited ( JKN) , clarified the postponement of the JKN239A debenture payment. He stated that the company is requesting a postponement of the payment for the said debentures. Currently, 156.6 million baht is available for payment, with the remaining amount to be paid in full, including accrued interest. The debenture holder representative, Asia Plus Securities Company Limited, will contact the debenture holders by September 11, 2566, and will propose a solution to the debenture holders' meeting on September 27, 2566, which is expected to receive approval from the debenture holders. This debenture issue is separate from other debentures.

The main factor comes from the bond market situation (Bond) which is not good and is quite sensitive. In addition, the Thai government was established 3-4 months late, having only been established a week ago. All foreign money flows out of Thailand. causing the stock market to dry up completely Investing only in Thailand does not have enough volume.

“As for the timeline for the postponed bond payment date, we have already planned it. You won't go anywhere for sure. You can be confident in us if you pay today. Continuing on will be tiring. or even to solve short-term problems such as taking assets or companies and floating them. quite risky We can refund you immediately. But we can't do it. Because it's illegal and must protect our organization The next step is to do business. and find partners who want to grow together.”

Currently, JKN has a cash flow of hundreds of millions of baht. to run business But there must be additional funding. along with emphasizing that the concept must be changed from short-term funding It is long-term funding instead. Mr. Chakkraphong said that short-term fundraising with the scale of JKN's work that is global level and has a large business The fundraising period and working period may not be enough.

For JKN, a total of 7 tranches of bonds are issued with a total principal amount of 3,360.20 million baht, with the remaining 6 tranches with a credit limit of 2,760.20 million baht due for redemption in the year 2567-2568.

Read more news:

• JKN points out that there is a problem in repaying only one set of bonds. Paid timeline placed Blame the bad capital market - the government was slow in setting up the situation as the cause.
• JKN is confident that the bonds will not fail and asks to pay 156.60 million baht first.
• JKN explains that it is unable to pay the principal and interest of "JKN239A debenture" worth 609.98 million baht. There is only 156.6 million baht available for payment.