The Thai stock exchange has suspended trading in Miss Universe owner JKN Global Group’s shares – again – after the company failed – again – to meet financial reporting deadlines for the period to end September. The SP notice was posted on 15 Nov, followed by a warning on 18 Nov that the stock will be delisted if JKN continues not to comply with listing rules.

The latest suspension and warning are part of a long-running saga that started with bond payment defaults in 2023, and came in the final countdown to the Miss Universe finale in Mexico this weekend.

JKN said on 15 Nov that the company anticipated submitting its consolidated and separate financial statements for Q1 2024 by Jan 2025, followed by the financial statements for Q2 2024 and Q3 2024.

The company said it couldn’t comply with any of its earlier filing commitments because of proceedings before Thailand’s Central Bankruptcy Court and the still-pending auditor’s report.

JKN said this month that the order appointing the company to prepare the plan for its own business rehab had been published in the Government Gazette.

The company also said it had appointed an independent auditor to, among other things, conduct a special audit of JKN’s trade creditors, specifically focusing on copyright purchases made between 1 January 2023 and 30 June 2024. The special audit is expected to be complete by the end of this month.