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Miss Universe owner Anne Jakrajutatip issues statement on JKN Global Group's financial situation
Anne Jakrajutatip, the owner of Miss Universe, has issued a statement on the financial situation of her company, JKN Global Group.
This comes after she reportedly filed for debt rescue before Thailand's Central Bankruptcy Court amid the fall in the company's shares.
According to Bangkok Post, JKN Global Group petitioned for an extension of its debt repayment period and adjustments of interest rates.
"JKN Global Group has announced a plan to refinance our debt and rehabilitate our business. While our operating cash is intact and the company will continue to run operations as planned, this is a necessary step in our growth to ensure that our debt is repaid and the company remains financially healthy," Anne said in a statement.
"Miss Universe Organization, which is only one of our many business lines, is completely clean and will continue to operate as planned. We look forward to three fantastic broadcasts next week."
JKN Global Group acquired Miss Universe in 2022. The company also owns Miss USA and Miss Teen USA.
On Instagram, Anne said the Miss Universe Organization remains her number one priority in her life.
"No matter how joyful or painful it’s gonna be... Our universe must go on, must be great and must stay on top as the legendary Beauty Olympics in the World! I will sacrifice and do everything for the great success of our universe!" she said.
The Miss Universe 2023 is set to be held in El Salvador on November 18. Reigning queen R'Bonney Gabriel will crown her successor at the José Adolfo Pineda Arena in San Salvador.
Miss Universe Philippines 2023 Michelle Dee hopes to win the country's fifth crown in the pageant, following Gloria Diaz, Margie Moran, Pia Wurtzbach, and Catriona Gray.
—MGP, GMA Integrated News
