SQG Spackman Equities Group Inc

Spackman Equities Group Inc. (the "Company" or "SEGI") (TSX VENTURE:SQG)
announced today its entertainment subsidiary, Spackman Entertainment Group
Limited ("SEGL"), one of Korea's leading theatrical film production groups,
registered its Offer Document and launched its Initial Public Offering ("IPO")
on Friday, July 11, 2014 in Singapore. SEGL is seeking a listing on the Catalist
board ("Catalist") of the Singapore Exchange Securities Trading Limited
("SGX-ST").


Commenting on the registration, SEGI Chairman and CEO Charles Spackman, who is
also the Executive Chairman of SEGL, said: "We are delighted to launch our
initial public offering in Singapore. Korean entertainment content has been
well-received in Singapore and other markets in Southeast Asia. This is in line
with the growing demand for Korean entertainment content in overseas markets in
recent years, especially in Asia.


Through our listing, we are looking to establish a channel through which
investors in Singapore and in the region will have a unique opportunity to
invest directly in the growth of the Korean film and entertainment industries.
The listing will increase our visibility in the region and benefit our
international business expansion efforts."


The Offer Document was registered on July 11, 2014 and the placement will close
on July 18, 2014 at 12:00pm Singapore time (July 18, 12:00 am EST). Listing and
the first day of trading on the SGX-ST is expected on July 22, 2014 at 9:00 am
Singapore time (July 21, 9:00pm EST).


Under the IPO, SEGL will offer 69,440,000 shares, comprised of 50,000,000 new
shares and 19,440,000 vendor shares, at SGD $0.26 (CAD $0.22) per share.
Post-listing, SEGL's enlarged share capital will be 395,310,000 shares, and it
will have a market capitalisation of SGD $102.78 million (CAD $88.31 million).


SEGI owns 154,620,000 shares of SEGL, which will represent 39.1% of the total
outstanding shares post-listing. Based on the IPO offering price of SGD $0.26
(CAD $0.22) per share, the implied value of SEGI's stake in SEGL will be SGD
$40.2 million (CAD $34.5 million), or CAD $0.23 per SEGI share.


SEGL intends to utilise the net proceeds of approximately SGD $10.84 million
(CAD $9.31 million) from the placement to invest into films produced by SEGL or
third parties; expand the company's operations via acquisitions, joint ventures
and investments; establish overseas offices; and for general working capital
purposes.


Anthony Wei Kit Wong, a director of the entertainment subsidiary, SEGL, who was
also recently elected as a director of SEGI at the Annual General Meeting held
on June 12, 2014, has decided not to serve on the board of SEGI in order to
avoid any potential conflicts of interest between the two entities. SEGI will be
appointing a new independent director in the near future.


About Spackman Equities Group Inc.

Spackman Equities Group Inc. ("SEGI") is an investment holding company that
invests into and develops small/medium-sized growth companies that possess
industry-specific know-how or proprietary technologies, primarily in Asia. SEGI
also makes investments in selected publicly- traded companies that SEGI believes
are attractive investment propositions. The objectives of SEGI are to (i) invest
into or acquire businesses with compelling growth potential at attractive
valuations, (ii) build a diversified and balanced portfolio of investments, and
(iii) deliver the collective value derived from the performance of its portfolio
of investments to the shareholders of SEGI. SEGI's holdings include:




--  44.9% ownership of Spackman Entertainment Group Limited, an
    entertainment holding company that wholly-owns Zip Cinema Co., Ltd.,
    Opus Pictures Limited Liability Company, and Spackman Entertainment
    Korea Inc. (After the expected listing of Spackman Entertainment Group
    Limited on July 22, 2014, SEGI will own 39.1% of Spackman Entertainment
    Group Limited); 
    
--  100% of SEGI Investments Limited, an investment company that invests
    into Korean public equities; and 
    
--  a selective portfolio of marketable securities. 



Visit www.spackmanequities.com for further information.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL") is a leading entertainment
production company that is primarily engaged in the independent development,
production, and financing of theatrical motion pictures in Korea.


Its two wholly-owned motion picture production subsidiaries, namely, Zip Cinema
Co., Ltd. ("Zip") and Opus Pictures Limited Liability Company ("Opus"), are two
of the most recognized film production labels in Korea, and have originated and
produced some of Korea's most commercially successful theatrical films for the
past seven years. Films produced by Zip and Opus are theatrically distributed
and released in Korea and overseas markets, as well as for subsequent
post-theatrical worldwide release in other forms of media, including cable
television, broadcast television, IPTV, video-on-demand, and home video/DVD,
etc. Zip and Opus' motion pictures are released into wide-theatrical exhibition
initially in Korea, and then in overseas and ancillary markets.


Collectively, Zip and Opus have produced and released a total of 15 theatrical
motion pictures since 2007, the majority of which were profitable and some of
which were among the top grossing films in Korea in recent years. Recent
theatrical releases of our motion pictures include some of Korea's highest
grossing and award-winning films such as SNOWPIERCER (2013), COLD EYES (2013),
and ALL ABOUT MY WIFE (2012).


SEGL also owns 100% of Spackman Entertainment Korea Inc. ("SEKI"), an investment
company incorporated in Korea that makes early-stage investments into films
developed and produced by Zip and Opus. SEKI also owns a majority equity
interest in Upper West Inc., the operator of a trendy cafe lounge in Korea's
Gangnam district.


Visit www.zipcine.com and www.opuspictures.com for further information.

Forward-Looking Statements

Included in this news release may be matters that constitute "forward-looking"
information within the meaning of Canadian securities law. Such forward-looking
statements may be identified by words such as "plans", "proposes", "estimates",
"intends", "expects", "believes", "may" or words of a similar nature. There can
be no assurance that such statements will prove to be accurate. Actual results
and future events could differ materially from such statements. Factors that
could cause actual results to differ materially include among others, regulatory
risks, risk inherent in foreign operations, commodity prices and competition.
Most of these factors are outside the control of the Company. All subsequent
forward-looking statements attributable to the Company or its agents are
expressly qualified in their entirety by these cautionary comments. Except as
otherwise required by applicable securities statutes or regulation, the Company
expressly disclaims any intent or obligation to update publicly forward- looking
information, whether as a result of new information, future events or otherwise.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) has in any way approved
or disapproved of the contents of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Floria Lin
Spackman Equities Group Inc.
info@spackmanequities.com
+852 3902 3287

Spackman Equities (TSXV:SQG)
Historical Stock Chart
From Nov 2024 to Dec 2024

Spackman Equities (TSXV:SQG)
Historical Stock Chart
From Dec 2023 to Dec 2024