Miss Universe 2023 canceled because new owner defaulted, transgender billionaire immediately voiced rumors!

In recent days, the news that JKN Global Group Plc (JKN) - the company of transgender billionaire Anne Jakrakutatip is at risk of default due to the continuous decline in stock prices has attracted many people's attention.

According to the Bangkok Post, shares of JKN Global Group Plc (JKN) plunged on August 31, after the Miss Universe pageant owner failed to pay bonds worth 609 million baht (VND 412 billion).

According to Khaosod, JKN's total debt amounted to 3.2 billion baht (nearly VND2,200 billion).

After the news was published in Thai newspapers, the fan community of the Miss Universe pageant expressed concern for the future of the Miss Universe 2023 pageant. Many fear that the contest will be postponed because the pageant's owner, transgender entrepreneur Anne Jakrakutatip, no longer has enough financial resources.

On September 8, transgender billionaire Anne Jakrakutatip denied that the Miss Universe 2023 pageant had been canceled. She wrote on her page: "All posts without interviewing executives, including myself, are intended to be slanderous."

The billionaire asked the public to receive information from mainstream channels. The Miss Universe Organizing Committee also confirmed that the Miss Universe 2023 pageant is still going ahead as planned with the finale being held on November 18 in El Salvador.

"JKN has confirmed that the 72nd Miss Universe pageant will still be held on November 18 in El Salvador. We attach great importance to creating an invaluable experience for beauty fans and look forward to becoming an organization that empowers women worldwide," the Miss Universe organization announced.

Also on September 8, Anne made an announcement about JKN's financial position: "I will still run JKN and hold a 38% stake in JKN. With issues related to liquidity over the past time, JKN plans to clear the resolution and meet with shareholders on September 27 to reach their consensus. My executive team and I really care about investment and shareholder returns."

Ms. Anne Jakkaphong Jakrajutatip is a "notorious" entrepreneur in the field of media and entertainment in Thailand. Not only known for her management role, the famous businessman also participated in many hit shows in Thailand such as Project Runway, Shark Tank.

The transgender billionaire helped bring many Indian films to Thai television, earning her the nickname "Queen of Indian Content Distribution".

Thanks to her spectacular success in business, Anne Jakkaphong Jakrajutatip was the first Thai and first transgender woman to receive the Asia Media Woman of the Year award at the Asia Advertising Summit in Singapore in 2019.

According to Forbes, Anne is one of the 3 wealthiest transgender people in the world when holding a fortune of $ 210 million as of 2020.

In 2022, JKN reached an agreement to acquire the Miss Universe pageant business for about $20 million. The inaugural Miss Universe pageant, held under JKN, is scheduled to take place in El Salvador in November.

After taking over, Anne moved to raise the royalties and is said to have raked in millions of dollars from companies around the world. In Indonesia, the prestigious organization Puteri Indonesia said it was willing to pay 10 times the old price but still lost the copyright to other entities.

However, Anne's copyright auction policy has also received much criticism. The billionaire is said to be looking for ways to commercialize the competition for profit. Some longtime copyright holders in other countries decided to give up participating in the Miss Universe playground.

In Vietnam, the copyright of Miss Universe held by Unimedia since 2008 must be transferred to another party, after more than 15 years of holding, to send a representative of the Miss Universe contest. Currently, the new copyright holder also holds a contest to select representatives to attend Miss Universe 2023 in El Salvador.

Miss Universe 2023 is at risk of being suspended because the new owner filed for bankruptcy, will Bui Quynh Hoa lose everything? Minh Lợi11:42:14 10/11/2023On the morning of November 9, Khaosod English newspaper reported that the JKN group of transgender billionaire Anne Jakrakutatip - owner of the Miss Universe contest - filed for bankruptcy to extend debt repayment.