The JKN Global Group made the announcement in a statement to the Southeast Asian kingdom's stock exchange two months after it missed a deadline to repay bonds worth about $12 million.Thai businesswoman and Miss Universe pageant owner Anne Jakkaphong Jakrajutatip arrives on stage during the Miss Universe Extravaganza after JKN's acquisition of the Miss Universe franchise in Thailand's capital Bangkok on Nov. 7, 2022.
AFP FILE PHOTOThe company, owned by media mogul and transgender rights campaigner Anne Jakapong Jakrajutatip, bought the pageant — previously owned by former US president Donald Trump and by events and media company IMG — in 2022 for $20 million.The statement said its board of directors agreed on Tuesday to submit a business rehabilitation plan to the country's bankruptcy court.
Source: News Formal (newsformal.com)
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