The company missed a deadline to repay bonds worth around US$12 million (S$16 million). Read more at straitstimes.com.
Miss South Korea Soyun Kim and Miss Chile Celeste Viel pose for a selfie during a Miss Universe gala event in El Salvador on Nov 8, 2023.
BANGKOK – The Thai media company that owns the Miss Universe beauty pageant brand said on Thursday it has filed for bankruptcy while it tries to resolve a “liquidity problem”. JKN Global Group made the announcement in a statement to the Thai Stock Exchange two months after it missed a deadline to repay bonds worth around US$12 million .JKN’s statement said its board of directors agreed on Tuesday to submit a business rehabilitation plan to the kingdom’s bankruptcy court.
“Submitting the rehabilitation petition will effectively solve the company’s liquidity problem under legal mechanism and provide fair protection to all stakeholders,” the statement said.New franchise owner Anne Jakrajutatip has big plans for Miss UniverseResend verification e-mail
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