Devil has a go at reading the bible.
Pickel MO
Stalking again . . . give it a rest or stop constantly whining about others 'stalking' you.
One is an ethnicity the other a nationality? (Though 'American' can mean a lot of things)
He prefers it that way . . . still pines for his LB friend in Pattaya
Thai trans tycoon welcomes revenue surge from universal beauty
El Salvador is paying 400 million baht to host the pageant this year and JKN is in the process of signing contracts for hosting the pageant for the following two years, she said.
JKN bought the Miss Universe Organisation from Endeavor Group in October last year.
JKN plans to use the Miss Universe brand to promote its own consumer products, starting with beverages that will be launched in the first quarter of this year, Jakkaphong said.
JKN is planning to expand into the beverage, wellness and cosmetic segments with direct sales to consumers through JKN18 channel, JKN Hi shopping and Omni Channel and Social Commerce, she said.
Revenues will total 4 billion baht this year, Jakkaphong said.
JKN aims to become a global content creator and to take the lead in Asean by purchasing the rights to sell global brands.
“We are currently using JKN Global to sell the Miss Universe organisation [for] broadcast fees, franchise fees, production fees, everything. So, as we go into the content market, we go as JKN Universe or Miss Universe organisation. That’s part of the blending,” Anne explained.
“The second part will be consumer products. A lot of them will be branded as Miss Universe skin care, Miss Universe cosmetics, and beverages, too … [Miss Universe] beverages will include collagen, multivitamin beauty drinks, and also mineral water. Everything will be under the same ecosystem, led by the logo or brand of Miss Universe,” she added.
The success of the Miss Universe Organisation has improved JKN’s cash flow. As a result, its board of directors agreed at a January 30 meeting to cancel a decision made on January 5 to sell an additional 1,019,917,296 shares to increase its capital.
Instead, it will sell 510,043,387 shares to existing shareholders, and reduce the number existing shareholders can buy to two new shares for every share they hold, instead of three. The shares
JKN will also issue new ordinary shares – 66,666,666 million at 4.50 baht apiece – in a private placement to Unistretch Co Ltd, which is part of the GP Group under the management of Nishita Shah.
The group is JKN’s strategic partner in expanding the Miss Universe Organisation.
JKN decided to postpone the rights offering and reduce its size because it forecasts higher than expected revenue this year from the Miss Universe Organisation.
The reduced rights offering will have no effect on JKN’s expansion plans, Jakkaphong said.
Keep your friends close and your enemies closer.
New management is doing well. Hope it continues
That didn’t go well
JKN Global Group Plc (JKN), which acquired the Miss Universe Organisation (MUO) last year, filed for bankruptcy on Wednesday due to a liquidity crunch.
JKN informed the Stock Exchange of Thailand (SET) that its board of directors resolved on Tuesday to file for bankruptcy with the Central Bankruptcy Court to seek protection from creditors.
The SET was notified that JKN filed for bankruptcy on Wednesday and asked the court to allow JKN to undergo its business rehabilitation process without interference from creditors.
JKN asked the court for permission to take charge and implement the rehabilitation plan.
The pageant owner told the SET it would carry out the following five rehab measures:
- Restructure its business and finances to respond to its current financial situation and address the liquidity crunch.
- Seek lower interest rates on debt instalments so it has enough revenue to continue running the businesses.
- Seek funds from new investors and financial institutions.
- Sell off non-performing assets to earn money to repay creditors.
- Prepare a plan to ensure liquidity.
JKN filed for bankruptcy despite reporting higher assets than debts during the first six months of this year. Its June report to the SET recorded assets worth 12.161 billion against debt of 7.398 billion baht.
JKN announced in October that it had acquired the Miss Universe brand for 800 million baht. It pledged to increase the brand’s worth by at least 40%.
In January this year, JKN announced it had chosen El Salvado to host Miss Universe 2023.
Looks like this is right up spamdreth's alley.
Another thread to disregard
There will be a lawsuit in the US when the first female alien lands
I think it was Bernard Trink aka Rickbald who recalls when you could get Miss outta thos world at slop out time at Thermae for $10 and a [acket of Lays or was it packet of 3?
The chief executive officer of JKN Global Group Pcl, Ann-Jakkaphong Jakrajutatip, has sold two lots of her stake in the company totalling 60 million shares, the Securities and Exchange Commission (SEC) of Thailand reported on November 17.
In the first transaction, Anne-Jakkaphong reported the sale of 4,149,400 shares on November 13, for 0.38 baht per share. In the second transaction, on November 14 she reported the sale of 55,850,600 shares for 0.27 baht per share.
The total proceeds from the two transactions exceeded 16 million baht.
On November 9, JKN reported to the Stock Exchange of Thailand that on the previous day, the company had submitted a petition to the court for business rehabilitation under the Bankruptcy Act of 1940. On November 9, the court issued an "order accepting the petition for business rehabilitation". The court has scheduled a hearing for the business rehabilitation petition on January 29, 2024.
Anne-Jakrapong acknowledges that due to the rapid decline in the stock price, it has become necessary to sell shares in the margin account or forced selling. She currently has a 32.20% stake in JKN. She affirmed that she continued to actively manage JKN and would retain her stake.
JKN announced last year that it had acquired the Miss Universe brand for 800 million baht. It pledged to increase the brand’s worth by at least 40%.
Miss Universe Live (click "watch on youtube")
It’s on Thai TV also
Thailand has made Top 3
so far
Miss Thailand is the runner-up
Story of spamdreth's life.
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