Nawat was bitter, decided to withdraw her investment in Miss Universe, Huong Giang had difficulties?

Shocking information has just been announced by the Miss Grand International Organization, confirming the cancellation of the investment of 100 million shares in JKN Global – a company that holds 58% of the shares of the Miss Universe Organization (Miss Universe).

This decision was made on November 10, after a series of scandals related to the Miss Universe 2025 contest in Thailand, officially ending the ambition of Mr. Nawat Itsaragrisil (Chairman of MGI) to "expand" into the world's largest beauty empire.

MGI cancels JKN investment: "Relevance" raises concerns

On November 11, 2025, the official homepage of Miss Grand International made a decisive announcement, withdrawing its large investment in JKN Global Group Public Company Limited.

According to the initial announcement, MGI plans to buy a total of more than 300 million shares of JKN with a total value of about 150 million baht (equivalent to more than 100 billion VND), which is expected to complete the payment on April 23, 2024. This deal, if successful, will make Mr. Nawat the second largest shareholder of JKN.

However, the MGI board decided to cancel this plan. The reason given is that "many important events have occurred within JKN" that affect the assessment of the suitability of the investment.

MGI frankly pointed out the factors that cause concern: "These factors include concerns about business operations, management structure, as well as the company's financial position, all of which impact MGI's risk assessment and confidence in JKN's stability as a publicly listed company."

MGI also revealed that JKN was unable to fulfill the necessary conditions and did not meet its obligations as stipulated in the share purchase registration contract signed on April 22, 2024 (with a total value of 50 million baht), forcing MGI to make a decision to cancel.

Mr. Nawat stated unequivocally: "I don't want to get involved anymore"

MGI's decision to withdraw comes after a series of uproars surrounding the Miss Universe 2025 contest in Thailand, where Mr. Nawat and the MGI team are taking on the role of organizing, producing, marketing and distributing tickets for the 74th season.

Previously, in February, Mr. Nawat caused a shock when he spent 5.4 million USD (about 136 billion VND) to hold the copyright to Miss Universe Thailand from 2025 to 2029, clearly showing his ambition to "expand influence" in Miss Universe. He was even appointed as the Executive Director of the Asia region of the Miss Universe Organization.

However, the culmination of the incident was the scandal in which Mr. Nawat loudly scolded the Mexican representative, leading to the cancellation of the sash ceremony. This incident caused Mr. Nawat to be fiercely criticized by the international community. Even businessman Raúl Rocha (owner of Miss Universe) announced to file a lawsuit against Mr. Nawat, affirming: "This is not a matter of apologies."

The continuous pressure and noise made Mr. Nawat fall into a state of depression, fatigue, and even burst into tears at the press conference to kick off the contest on the evening of November 5.

On the personal Instagram story function, when asked whether to buy Miss Universe or not, the MGI boss replied definitively that he was too tired after the noise at Miss Universe 2025 and no longer wanted to be involved with this organization.

The cancellation of the plan to invest in JKN Global, combined with Mr. Nawat's latest statement, has officially closed a chapter of MGI's ambitions with Miss Universe. This also raises many big questions about the future and financial situation of JKN Global under the management of transgender billionaire Anne Jakrajutatip .

Challenges for Huong Giang

After many efforts to prepare and enter the competition with high performance, Huong Giang and other contestants are facing a turbulent season, where conflicts between the organizers directly affect the interests and initial achievements of the beauties. However, Huong Giang still maintains a professional, confident and positive attitude, constantly being highly appreciated by international media and fans.

Miss Universe 2025: Huong Giang subtly expressed condolences to the host, Thailand used tricks Keng15:55:36 31/10/2025As soon as she left for Thailand, Huong Giang was warmly welcomed by her domestic fans at the airport. As soon as she arrived in the Land of the Golden Pagoda, she quickly scored points when she changed her style, wearing an elegant and sophisticated black and white outfit.