JKN Global Media Plc’s shares plunged by 29.8% after the company admitted its inability to fully repay a 609 million baht debenture on the due date. The company cited challenges hindering the repayment and formulated a debt repayment plan to be presented at a meeting on September 29. JKN expressed confidence in using various funding sources to meet the repayment plan, despite falling short on partner negotiations. The company has six additional tranches of debentures due for interest payments this year. The market is being cautious due to recent bond payment defaults, which could impact investment sentiment. Keywords: JKN Global Media, bond payment defaults, investment sentiment.
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