Bangkok: The Stock Exchange of Thailand (SET) has announced that JKN Global Group Public Company Limited (JKN) is at risk of having its shares delisted due to the company's failure to submit financial statements for the first and second quarters of 2024. This delay, exceeding six months, has resulted in the continuation of the 'NC' (Non-Compliance) and 'SP' (Suspension) marks on JKN's shares.
According to Thai News Agency, the SET has specified that JKN's common shares could face delisting from November 18, 2024, if the company does not submit the overdue financial statements for the first quarter of 2024. The regulations stipulate that these documents, delayed by more than six months, must be submitted within the specified period to avoid delisting. Additionally, JKN has also failed to submit the financial statements for the second quarter of 2024, ending on June 30, 2024, further complicating their compliance status.
To prevent delisting, the SET has outlined that JKN must submit all overdue financial statements correctly and completely by November 18, 2026. Should the company fail to meet this requirement, the SET will consider delisting JKN's ordinary shares.
SET has maintained the 'NC' and 'SP' marks on JKN's shares to halt trading until the company resolves the compliance issues. The continuation of these marks underscores the urgency for JKN to address the outstanding financial submissions and resume trading within the stipulated timeframe.