JKN Global Group Public Company Limited
On January 22, 2024, the Securities and Exchange Commission (SEC) of Thailand issued a decision concerning JKN’s disclosure practices. The SEC deemed that a particular disclosure made by JKN, relating to the sale of the MUO to new investors from Mexico, contained inaccuracies that could mislead investors. The SEC’s concern was based on the potential impact such misinformation might have on the decision-making process of investors dealing with JKN’s securities.
JKN, under the leadership of its CEO and Managing Director, Anne Jakkaphong Jakrajutatip, takes regulatory compliance seriously. While acknowledging the SEC’s decision, JKN disagrees that there was alleged intent to deceive or mislead investors. The company’s primary objective has always been to ensure transparency in its business operations.
In response to the SEC’s announcement, JKN intends to explore all legal options to challenge this opinion. The company is preparing to present comprehensive evidence and legal arguments to clarify the circumstances surrounding its disclosure and demonstrate its commitment to transparency and integrity.
It is crucial to stress that the ongoing legal issues with the SEC are entirely separate from the operations of the Miss Universe Organization (MUO) and its associated entities, including the Legacy Holding Group. Both MUO and Legacy Holding Group continue their operations independently, with no direct implications from this legal matter and are in no way implicated in the alleged findings of the SEC.
JKN remains steadfast in its dedication to safeguarding stakeholders’ interests. The organization has consistently upheld high standards of corporate governance and seeks to ensure its business practices align with international best practices. JKN, remains focused on delivering value to its shareholders and maintaining its growth trajectory and continues to explore new opportunities for growth and innovation.
By addressing this situation with diligence and transparency, JKN aims to preserve the trust and confidence of its investors, partners, and customers around the world. As the legal process unfolds, JKN looks forward to a resolution that reaffirms its commitment to its investors.