The Thailand Securities & Exchange Commission issued a supervisory notice urging holders of JCK217A bonds issued by JCK International Public Company Limited to review all available information and exercise their rights at the reconvened bondholders’ e-meeting on 22 April 2025. The vote will consider amendments to the bond terms after the 11 April 2025 meeting failed to reach the required quorum. Bondholders will be asked to approve extending the bond maturity by two years to 26 July 2027, increasing the interest rate from 7.25 percent per year to 7.50 percent per year during the extended period, and revising principal repayments into five installments. Under the proposed repayment adjustment, the first four installments must total not less than 12 percent of the bond value as of the issuance date, with the fifth installment repaying the remaining balance on the new maturity date. The SEC also requires the bondholders’ representative to analyze benefits and shortcomings and potential impacts on bondholders under both approval and non-approval scenarios, with supporting reasons and the representative’s opinion, and encourages bondholders to seek comprehensive information from the issuer or the representative before voting. The bondholders’ e-meeting is scheduled for 22 April 2025 at 14:00.

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