Ann Chakkraphong JKN confirmed Miss Universe Strong - debt free
Ann Chakkraphong JKN announces her vision to copyright holders in 90 countries, acknowledging that JKN has problems - real debt restructuring, but Miss Universe is still strong and debt-free. The goal is to expand the brand beyond the beauty pageant stage. In the first 9 months, the beauty queen business generated revenue of 303 million baht, with a gross profit of 55 million baht.
Anne Jakapong Jakrajutatip, Chief Executive Officer and Managing Director of JKN Global Group Public Company Limited, revealed her vision to the 90 licensees of the Miss Universe pageant, stating that Miss Universe's approach remains focused on being a platform that elevates the value of women.
Ready to admit that JKN is in the process of reviving its business. and assigned financial experts to help restructure the debt. so that the company's finances more stable
“Companies like MUO, who manage Miss Universe, don't have a single baht of debt.
Therefore, we will only continue to progress and become stronger.”
In addition, the company plans to push Miss Universe to be more than just a beauty pageant stage. Through building brand value in other businesses, 12 sub-businesses such as drinking water, etc. JKN has a water production plant in Thailand. So that everyone can resell them.
At the same time, the company is preparing to expand the Universe brand. In the skincare and spa business Initially, there were deals with many more companies. To be a distributor And there are more than 10 companies interested in doing business with the company in the long term.
For MUO, the organizer of the Miss Universe competition, JKN purchased it at the end of October 2565 with an investment budget of approximately 800 million baht.
During the first 9 months (Jan.-Sept.) of 2566, JKN has income from the beauty queen business. From sales and licensing of 303.46 million baht, there was a cost of sales and services of 247.47 million baht, resulting in a gross profit of 55.99 million baht, representing a gross profit margin of 18.45%, but with net debt of 7,625.39 million baht.
On November 8, 2566, JKN filed a petition for business rehabilitation. and propose a business rehabilitation plan to the Central Bankruptcy Court. The court ordered to accept the request for business rehabilitation. and set the date for hearing the complaint on January 29, 2567.
The guidelines for the initial rehabilitation plan are as follows:
1. Restructure the business and financial structure to align with current financial assumptions and economic conditions, as well as address working capital issues to resolve the company's liquidity problems, including internal organizational restructuring.
2. Extend the debt repayment period and grant interest waivers to enable the company to generate revenue from its business operations and allocate it fully to repay creditors, while allowing the company to continue its operations.
3. Obtaining financial support from funding sources , such as new investors or financial institutions, to be used as working capital for the company's operations.
4. Identify ways to sell assets that do not generate profit or income, and use the proceeds to pay off debts to creditors.
5. Prepare plans and strategies for managing the company's liquidity , improving internal systems and organizational structures, and developing business opportunities for greater efficiency.
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