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Spackman Entertainment Group launches IPO

Korean film production company Spackman Entertainment Group has launched its initial public offering for a listing on the Catalist board, making it the first Korean entertainment company to be listed in Singapore.

SINGAPORE: Singapore investors will soon have easier access to the Korean film and entertainment industries.

Korean film production company Spackman Entertainment Group has launched its initial public offering (IPO) for a listing on the Catalist board, making it the first Korean entertainment company to be listed in Singapore.

Under the IPO, Spackman is offering 69.44 million shares at 26 cents each. They comprise 50 million new shares and 19.4 million vendor shares.

Spackman is aiming to raise about S$10.8 million in net proceeds. It plans to use the new funds to invest in film production and expansion activities.

Trading in the shares is expected to begin on July 22. 

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