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SEC encourages JCK221A bondholders to exercise their rights at the upcoming bondholders’ meeting



Tuesday 19 December 2023 | No. 252 / 2023


Bangkok, 19 December 2023 – The Securities and Exchange Commission (SEC) encourages the JCK221A bondholders to study all available information, exercise their rights at the upcoming bondholders’ meeting, and reach out to the bond issuer or the bondholder representative to obtain comprehensive and sufficient details for making an informed voting decision.   

JCK International Public Company Limited, the issuer of JCK221A bond, will convene the bondholders’ electronic meeting No. 1/2566 on 21 December 2023 at 14.00 hours. Asia Plus Securities Co., Ltd. serves as the bondholder representative for JCK221A. The e-meeting’s agenda contains subject matters for consideration as follows:       

          Agenda Item 1: Consideration for approval of an extension of the bond maturity date for a period of two years, consideration for approval of a partial repayment of the principal by not less than 25 percent of the principal of the bond at the face value per unit as of the issuance date, and consideration for approval of the repayment of the outstanding principal on the maturity date of the extended period of two years;          

          Agenda Item 2: Consideration for approval of the change to the coupon rate.

 

The SEC requires that the bondholder representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the bondholder representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholder representative to obtain complete information before making an informed decision at the bondholders’ e-meeting.  


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