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Miss Universe owner files for bankruptcy in Thailand

Miss Universe owner files for bankruptcy in Thailand

16 Sept 00:50 Key points summarised by AI
  • JKN Global Group, the Thai media company owning the Miss Universe pageant, filed for bankruptcy to address a severe "liquidity problem" after missing a $12 million bond repayment deadline.
  • The company, led by Anne Jakapong Jakrajutatip, plans to continue operations under a court-approved business rehabilitation plan, despite its share price plummeting nearly 80% over the past year.
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