On 23 April 2024, the Central Bankruptcy Court ordered JKN to enter business rehabilitation and appointed the company’s management as the Interim Business Rehabilitation Planner.  The court also

Re: Criteria, Conditions, and Procedure for Application for Waivers for Making Tender Offers for All Securities of Businesses with Objective of Assisting Business Rehabilitation (No. 2)

Re: Criteria, Conditions, and Procedure for Application for Waivers for Making Tender Offers for All Securities of Businesses with Objective of Assisting Business Rehabilitation

Court had reversed the decision of the Central Bankruptcy Court by rejecting the rehabilitation plan and canceling business rehabilitation order issued by the Central Bankruptcy Court. JAS later disclosed

rectified and audited/reviewed financial statements by October 27, 2014.The Supreme Court had reversed the decision of the Central Bankruptcy Court by rejecting the rehabilitation plan and canceling business

first MOA is for cooperation in monitoring and oversight of fund mobilizing companies or capital market business operators, entering the rehabilitation process or involved in a bankruptcy case pursuant to

records and its disclosure of liabilities in the financial statements as previously reported in the application for business rehabilitation. The results of the special audit must be disclosed within 30

meeting for the consideration of the business rehabilitation petition. This incident played a role in the resignation of some JKN directors. In this regard, JKN explained that the decision not to send a

rehabilitation process only upon the court’s formal acceptance of the rehabilitation petition for consideration.   The Notification specifying the above regulations* has been published in the Government Gazette

, funding portals are responsible for disseminating such information and updating investors on any developments;          (2) Requiring CFD issuers to report entering the business rehabilitation process only