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News - Detailed News Story

Spackman: Disposal Of 51.36% Stake In UAA Korea For S$2.98 Million.

31 Dec 2015 10:44

The Proposed Disposal will allow Spackman Entertainment Group Limited to dispose of a loss making asset for a cash consideration of US$2,112,000, equivalent to approximately S$2.98 million, which would further strengthen its financial position. The proceeds from the Proposed Disposal will be used for working capital purposes for the Group's core theatrical film business. There is no gain or loss on the Proposed Disposal as the Consideration is equivalent to the Company's initial cost of investment into UAA Korea Co., Ltd...

Attachments: Source: ShareInvestor Express
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