The Thailand Securities & Exchange Commission Board approved a 180-day freeze of assets belonging to JKN Global Group Public Company Limited under Section 267 of the Securities and Exchange Act B.E. 2535 (1992), following the Court of Appeals for Specialized Cases’ dismissal of the company’s petition for business rehabilitation, which made JKN no longer eligible to undergo rehabilitation under the Bankruptcy Act. The asset freeze relates to an alleged disclosure of false, material information connected to fraud and fabrication of JKN’s financial statements. The SEC had previously ordered the freezing of assets of four other offenders in the same case: Mr. Jakkaphong Jakrajutatip, Ms. Pimauma Jakrajutatip, Ms. Pitsamai Hangthaisong, and Ms. Kamolrat Mongkolkrut.
Thailand Securities & Exchange Commission 2025-12-25
Thailand Securities & Exchange Commission freezes JKN Global Group assets for 180 days following court rejection of rehabilitation petition
The Thailand Securities & Exchange Commission approved a 180-day asset freeze for JKN Global Group Public Company Limited under Section 267 of the Securities and Exchange Act B.E. 2535 (1992). This follows the dismissal of JKN's business rehabilitation petition, rendering it ineligible under the Bankruptcy Act. The freeze is linked to alleged fraudulent disclosures and fabricated financial statements, with prior freezes ordered for four other individuals involved.