JAS outlines plan to raise funds to repay JTS bonds after 635 million baht default

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Summary · why it matters

JAS Asset Public Company Limited, as the major shareholder of Jasmine Technology Solution Public Company Limited, or JTS, has disclosed its plan to raise funds to repay debt after three series of JTS bonds defaulted on payments totaling 635 million baht. The plan is intended to address the maturing debt obligations of those three bond series.

Impact on assets 2

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JAS Asset, as major shareholder of JTS, must raise funds to cover JTS's 635 million baht bond default, a financial/valuation burden.

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