Jurisdiction - Singapore
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Duane Morris & Selvam LLP Represents First Korean Entertainment Group To List Outside Korea.

22 July, 2014

 

Duane Morris & Selvam LLP represented film investor and producer Spackman Entertainment Group Limited (the “Company”) in the initial public offering of its shares (“IPO”) in Singapore and its listing on the Catalist board of the Singapore Exchange Securities Trading Limited (“SGX”). The Company is the first Korean entertainment company to conduct its IPO in Singapore. The shares of the Company were listed on the Catalist board of the SGX on July 22, 2014.

 

The IPO comprised the allotment of 50m new shares by the Company and the sale of 19,440,000 shares by existing shareholders. The shares were sold for SGD 0.26 per share and the total gross proceeds from the IPO were SGD 18.05m. Following the IPO, the Company has a market capitalisation of SGD 102.78m.

 

Duane Morris & Selvam’s team for the deal included directors Arfat Selvam, and Jamie Benson.

 

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