NEWS
JKN pushes back Q1 earnings report submission to end July
01 July 2024
Troubled Thai media company, JKN Global Group, has postponed the release of its Q1 2024 financials to 31 July. The new date follows Friday’s failure to file on an already-extended timeline.
In a note to Thailand’s stock exchange, JKN blamed a change of auditors and accountants at foreign subsidiaries.
The latest earnings delay comes only days after JKN was once again mired in controversy over its bid to be appointed by Thailand’s bankruptcy court to lead its own business rehabilitation plan.
Although JKN appeared to win a creditors vote against EY, various creditors have raised objections about the circumstances surrounding last week’s vote. The court is expected to return a decision on 11 July.