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Manila, 3 December 2021 – KNM Group Berhad (“KNM” or the “Company”) has triggered a Non-Payment event of default (an Event of Default (“EOD”)) pursuant to clause 13.1 (a) of the Terms and Conditions of the Thai Baht Bonds (“Bonds”), guaranteed by CGIF on 18 November 2016. After failing to pay the principal amount during the grace period which lapsed on 2 December 2021, KNM has formally notified the Securities and Exchange Commission of Thailand today of the occurrence of such EOD.
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