JKN Global Media Public : Increase of Capital and Name Change of Subsidiary
July 10, 2022 at 08:44 pm EDT
Share
- Translation -
No. JKNGB-004-07/2565
July 8, 2022
Subject Increase of Capital and Name Change of Subsidiary
To President
The Stock Exchange of Thailand
JKN Global Group Public Company Limited (the "Company") would like to inform that the Extraordinary General Meeting of shareholder no. 1/2022 held on July 4, 2022 of JKN MNB Company Limited (the "Subsidiary") of which the Company holds shares in the Subsidiary of 51% of the registered capital, has resolved to approve the capital increase from the existing registered capital of THB 34,000,000 (340,000 shares with a par value of THB 100 each) to the new registered capital of THB 59,000,000 (590,000 shares with a par value of THB 100 each) by issuing the newly issued shares of 250,000 shares with the subscription price of THB 100 each to the existing shareholders with the following details:
1) Shareholder structure:
Before Capital
After Capital
Shareholders
Increase
Increase
No. of
Ratio
No. of
Ratio
Shares
Shares
JKN Global Group Public Company Limited
173,397
51.00%2
423,397
71.76%2
MN Beverage Company Limited
166,600
49.00%
166,600
28.24%
Mr. Jakkaphong Jakrajuthatip1
1
0.00%
1
0.00%
Ms. Pimauma Jakrajutatip1
1
0.00%
1
0.00%
Mrs. Pitsamai Likhitumnouy1
1
0.00%
1
0.00%
รวม
340,000
100.00%
590,000
100.00%
Remark:1 such shareholders are the representative assigned by the Company to hold the shares to comply with the applicable laws.
2 in addition, he Company indirectly holds the Subsidiary share through MN Beverage Company Limited, before the capital increase in the shareholding ratio of 29.40% and after the capital increase in the shareholding ratio of 16.94% of total paid-up capital.
2)
Source of Fund:
Working capital of the Company
3)
Objective of Capital Increase:
Repayment loan to the Company, proceeds for investment
and working capital of the Subsidiary.
4)
Characteristics of Transaction:
This transaction is not a connected transaction according
to the Notification of the Capital Market Supervisory Board
No. TorJor. 21/2551.
5)
Transaction Size:
When calculating the size of the asset acquisition
transaction, it does not qualify for Information report
according to the Notification of the Capital Market
Supervisory Board No. TorJor. 20/2551 with the maximum
transaction size equal to the percentage 0.31 calculated
using the total value of consideration criteria Based on the
financial statements of the Company and its subsidiaries
as of March 31, 2022 and when combined with the
acquisition of assets and investments of the Company
Occurring in the past 6 months of the Company before
entering into this transaction calculated based on the total
value of consideration criteria, the total transaction size
equal percentage 7.95, which is the transaction size with a
value of less than 15% of the total net tangible assets of the
consolidated financial statements.
In addition, the Subsidiary has changed its name as follows:
Existing Name: JKN MNB Company Limited
New Name:
JKN Drink Company Limited
The subsidiary has registered the capital increase and amended the Memorandum of Association to be consistent with the increase of registered capital and has completed the registration of the name change as detailed above with the Department of Business Development, the Ministry of Commerce on July 8, 2022.
Please be informed accordingly.
Yours sincerely,
(Mr.Jakkaphong Jakrajuthatip)
Chief Executive Officer and Managing Director
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JKN Global Media pcl published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2022 00:43:03 UTC.
JKN Global Group Public Company Limited is a Thailand-based company. The Company and its subsidiaries are principally engaged in the distribution of global and local contents of the movies, series and the documentaries; advertising services and production of television programs; production and distribution of non-alcoholic beverages; providing digital television stations and manufacturing and distribution of health, beauty and consumer products; and retail sale by mail order, television, radio and telephone; and production and distribution of television programs, granting the copyright to the Miss Universe pageant and relating to the Miss Universe pageant's activities. The Company operates through four segments: Sales of program rights and advertising services/airtimes, Sales of products, Miss Universe license management business, and Other business. The Company's subsidiaries include JKN Global Content Pte. Ltd., JKN Channel Company Limited, JKN IMC Company Limited, and others.