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Content distributor JKN Global Media has begun trading on the main stock market of the Stock Exchange of Thailand, after raising funds in an initial public offering (IPO).

The company, which produces and distributes content from CNBC among other providers, plans to operate CNBC Thailand’s television channel if it receives a positive response from investors. JKN is also licensed by NBC of the US to produce CNBC-branded content, edit, translate and dub in Thai internationally produced CNBC-branded content.

Jakkaphong Jakrajutatip, chief executive officer of JKN, has announced the company registered its shares on the mai at the end of November, after the public sale offering of 140 million IPO shares with par value of 0.50 bhat and subscription price of 8 baht per share a week earlier.

In the nine months to September 2017, JKN had total revenues of 873.6 million baht, a 47.25% increase on the same period of 2016. Content sales accounted for 95.24% of the total revenue from January to September 2017. Net profit during this period amounted to 176.11 million baht, an increase of 39.96 million baht on the same period a year earlier.

In the second quarter of 2017, JKN sold CNBC branded content to digital TV broadcasters including Channel 3 and Bright TV.

“We are confident in CNBC branded content production plans which are to expand its content distribution business and television business. This will drive JKN to be the leader in distributing and internationally importing global contents in order to distribute in Thailand and the CLMV (Cambodia, Laos, Myanmar, Vietnam) country group, as well as being the manufacturer and holder of quality contents for sale and distribution through both domestic and international channels,” said JKN’s Jakkaphong Jakrajutatip.