The SEC encourages JCK213A bondholders to review the provided information and participate in the upcoming meeting on February 11, 2025. JCK has proposed extending the bond’s maturity period, raising the interest rate, revising the repayment schedule, and removing the collateral requirement.
The Securities and Exchange Commission (SEC) urges the JCK213A bondholders to study all available information, exercise their rights at the upcoming bondholders’ meeting, and reach out to the bond issuer or the bondholders’ representative to obtain comprehensive and sufficient details for making an informed voting decision. The bondholders’ meeting will be held on 11 February 2025.
JCK International Public Company Limited (JCK), the issuer of JCK213A bond, will electronically convene the Bondholders’ Meeting No. 1/2025 on 11 February 2025 at 11.00 hours. The e-meeting contains matters for consideration as follows:
(1) Extending the maturity period for bond redemption by additional two years, with the new maturity date set for 22 March 2027;
(2) Increasing the interest rate from 7.25 percent per year to 7.50 percent per year, during the extended maturity period;
(3) Adjusting the principal repayment schedule to four installments, with the first three installments comprising a total of no less than 9 percent of the bond value, and the fourth installment settling the remaining balance on the extended maturity date;
(4) Canceling the redemption of collateral and partial principal repayment of the bond for the mortgage release as approved by the Bondholders’ Meeting No. 1/2024;
Source : SEC urges JCK213A bondholders to exercise their rights at the upcoming bondholders’ meeting
