JKN Global Group Public Company Limited announced that it expects to receive THB 1 billion in funding from Advance Capital Partners Asset Management Private Limited, ZICO Asset Management Pte. Ltd.

JKN Global Media Public Company Limited announced a private placement of senior unsecured convertible debentures to be issued at par for gross proceeds of not more than THB 1,000,000,000 on November 14, 2022. The transaction will include participation from returning investors Advance Opportunities Fund, a fund managed by Advance Capital Partners Asset Management Private Limited and Advance Opportunities Fund I, a fund managed by ZICO Asset Management Pte. Ltd. The debentures are convertible into common shares and carry an interest rate of 0.5% per annum to be paid on a quarterly basis from the date the debentures are issued.

The company will issue the debentures in multiple tranches of THB 20,000,000 each set for total 25 sets and THB 25,000,000 each set for total 20 sets. The debentures will mature in 3 years after the issuance of each tranche. The transaction has been approved by the board of directors of the company and is subject to approval in the Extraordinary General Meeting of Shareholders to be held on December 27, 2022 and from Securities and Exchange Commission of Thailand and the Stock Exchange of Thailand.