The Thai media business that owns the Miss Universe beauty pageant brand filed for bankruptcy on Thursday, citing a liquidity problem.
JKN Global Group made the declaration in a statement to the Thai Stock Exchange two months after failing to meet a bond repayment deadline of roughly $12 million.
The company, founded by media entrepreneur and transgender rights activist Anne Jakapong Jakrajutatip, paid $20 million for the pageant, which was previously owned by former US president Donald Trump.
According to the statement, JKN’s board of directors agreed on Tuesday to file a business rehabilitation plan with the kingdom’s bankruptcy court.
“Submitting the rehabilitation petition will effectively solve the Company’s liquidity problem under the legal mechanism and provide fair protection to all stakeholders”, the statement reads.
“Operations will continue under the plan”, the statement added.
JKN’s share price has plunged about 80 percent in the last 12 months, with the stock trading at 0.77 baht on Thursday.
Also read: A possible stroke has put Apple co-founder Steve Wozniak in hospital
Stop Doing These 8 Things Right After Eating
October 2 Remembering Two Great Indian Leaders
Amazing Facts About Nature
Countries With Unusual Laws
The Story Behind The Great Wall Of China
Horror Movies With Real On-Set Incidents
10 Ancient Indian Sites With Incredible History
Animals Are Full Of Abilities That Sound Impossible But Are Real.
Navratri 2026: Day-Wise Colours And Their Meaning
Things That Were Invented By Accident
The Ancient Legends And Folklore
Interesting Facts About Durga Puja
Supplements – Know What You’re Taking.
Unusual Body Traditions Around The World
Fun Facts About Famous People
Garba Outfit Ideas Inspired By Bollywood
The Tiny World Of Insects
Underrated Freedom Fighters Of India
‘Alien species’ discovered on a mystery ship that sunk 130 years ago
‘Captain Cool’: MS Dhoni’s Bike Collection, Networth & Life Journey
‘Durgabai Kamat’: History Of An Indian Cinema Actress
‘Ek Bagiya Maa Ke Naam’ – A Green Tribute To Mothers
‘Hidden Galaxy’ Located 11 Million Light-Years Away From Earth Captured By NASA
‘Job Seeker Visa’ In Countries Like Germany And UAE
‘Maalik’ Movie Review: Rajkummar Rao’s Boldest Role Yet
‘Metro… In Dino’: Why Musical Romantic Drama Is Trending?
‘Queen of Hearts’ Rashmika Mandanna Drops Stunning Pictures On Social Media
‘Rudraksh Baba’ To ‘IIT Baba’: Top Viral Faces Of Maha Kumbh 2025
‘Saiyaara’ Review: Ahaan Panday & Aneet Padda Pair Up For Romantic Drama!
‘Sarbala Ji’ Review: A Complete Breakdown
‘Sponge bombs’: Israel’s new weapon against Hamas
‘Spooky’ volcanic lake erupting “EERIE” blue flames
‘State-Sponsored’ Attack on iPhone: Apple ALERTS prominent Indian personalities
‘Taali’ Teaser Will Be Out Tomorrow! Here’s Everything You Need To Know
‘The Summer I Turned Pretty’ Season 3 Is Back
‘Traitors’ Finale: Check Out The Winners Of The Show
‘Chandrayaan 3’ lands in Bengaluru
‘Taare Zameen Par’: Film That Taught Us What School Didn’t!
To read more such news, download Bharat Express news apps
