Spackman Equities Group Announces Changes in Its Board of Directors and Management
November 08 2017 - 4:00PM
Spackman Equities Group Inc. (the “
Company” or
“
SEGI”) (TSXV:SQG) today announced changes in its
Board of Directors and management with immediate effect. Charles C.
Spackman and Martin A. Mohabeer have resigned as directors and from
all management positions of the Company, and Kyoungwon Na has been
appointed a director. In addition, Richard Lee, an existing
director of the Company, has assumed the position of Chairman and
Interim Chief Executive Officer.
Kyoungwon Na is Chief Financial Officer of Spackman
Entertainment Group Limited (“SEGL”). Prior to joining SEGL, Mr. Na
worked at KPMG, specializing in audit, tax and advisory services
for nine years. He is a member of Institute of Singapore Chartered
Accountants and a member of the Korean Institution of Certified
Public Accountants.
About Spackman Equities Group
Inc.
SEGI is an investment company that selectively invests into
growth companies that possess proprietary know-how or technology,
primarily in Asia. Its objective is to originate
opportunities to invest into businesses at attractive valuations,
build a compelling portfolio of holdings, and deliver the
collective value of our investments to our shareholders.
The current holdings of SEGI consist of investments in public
equities as well as privately-held companies. SEGI's holdings
include:
- 28.9% ownership of Spackman Entertainment Group Limited, which
is listed on the Catalist of the Singapore Exchange (ticker: 40E)
and is a leading Korean film and entertainment company. Visit
www.spackmanentertainment.com for further information.
- 0.43% ownership of Spackman Media Group Limited, a Hong Kong
incorporated company which is 29.1% owned by SEGL, and which,
together with its subsidiaries, is collectively one of the largest
entertainment talent agencies in Korea.
Visit www.spackmanequities.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 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:
Richard LeeSpackman Equities Group Inc.
info@spackmanequities.com +852 8191 3370
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