The Thailand Securities and Exchange Commission announced that JCK International Public Company Limited will hold electronic bondholders’ meetings on 18 July 2025 to seek approval for changes to the terms of six bond series, including an exemption from an event of default, maturity extensions, and revised repayment and collateral provisions. The proposals include extending maturities for JCK228A by nine months to 13 May 2027, JCK209A by six months to 27 June 2027, JCK212A by three months to 15 May 2027, and JCK213A by three months to 22 June 2027. JCK also proposes rescheduling principal repayments for all six series into three installments, with the first two installments totaling at least 10 percent of the principal amount as of the bond issuance date, and the third installment repaying the remaining balance, with the JCK213A proposal referencing its issuance date of 24 January 2023. For JCK228A, JCK212A and JCK221A, the agenda also includes allowing pledged land collateral to be used to apply for land allocation under relevant laws and adding the issuer’s right to redeem or reclaim collateral and or replacement assets based on a specified redemption value. For JCK213A, the terms would also be revised to extend the deadlines to exercise redemption rights or reclaim collateral assets from 22 March 2026 and 22 December 2026 to 22 September 2026 and 22 March 2027, respectively. The SEC required bondholders’ representatives to analyse benefits, shortcomings and potential impacts on bondholders under both approval and non-approval scenarios, with supporting reasons and the representatives’ opinions, and encouraged bondholders to review information and consult representatives before voting at the meetings.

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