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,
opened for trading on Tuesday, July 22, 2014, on the Catalist board of the
Singapore Exchange Securities Trading Limited ("SGX-ST") under the ticker symbol
"SGX:40E". 


SEGI Chairman and CEO Charles Spackman, who is also the Executive Chairman of
SEGL, joined by SEGL's management team, CEO Tae Hun Lee and Chief Producer
Eugene Lee, celebrated the company's first day of trading by visiting SGX-ST's
trading floor for the stock opening day ceremony.


Commenting on the initial public offering ("IPO"), Charles Spackman said: "I am
very encouraged at the strong support and interest in our IPO. We believe this
is a testament to the reputation and successful commercial track record
associated with our two wholly-owned film production subsidiaries, Zip Cinema
and Opus Pictures. As the first Korean film production group to list in
Singapore, the listing will offer investors in Singapore and in the region a
unique opportunity to invest directly in the growth of the Korean film and
entertainment industries."


SEGL offered 69,440,000 shares at the IPO, comprised of 50,000,000 new shares
and 19,440,000 vendor shares, at SGD $0.26 (CAD $0.22) per share. At the close
of the first day of trading, SEGL ended 78.9% above the offer price to SGD
$0.465 per share with a total market capitalisation of SGD $183.8 million (CAD
$159.1 million).


SEGI owns 154,620,000 shares of SEGL, which will represent 39.1% of the total
outstanding shares post-listing.


SEGL intends to utilise the net proceeds of approximately SGD $10.8 million (CAD
$9.3 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.


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:




  -  39.1% ownership of Spackman Entertainment Group Limited, a leading     
     Korean film and entertainment company that wholly-owns Zip Cinema Co., 
     Ltd., Opus Pictures Limited Liability Company, and Spackman            
     Entertainment Korea Inc.;                                              
                                                                            
  -  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: 
Spackman Equities Group Inc.
Floria Lin
+852 3902 3287
info@spackmanequities.com

Spackman Equities (TSXV:SQG)
Historical Stock Chart
From Apr 2024 to May 2024

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