Spackman Entertainment Group's associate names KGI Capital Asia as IPO manager

SINGAPORE - Spackman Entertainment Group announced on Monday that its associated company, Spackman Media Group (SMG) has appointed KGI Capital Asia for a proposed listing on the Hong Kong Stock Exchange.

It said that SMG entered an agreement last Friday to appoint KGI Capital Asia as the sole global coordinator, sole sponsor, bookrunner and lead manager of the proposed listing of SMG or its affiliates on the Hong Kong Stock Exchange.

The firm said the "proposed listing will unlock value for its shareholders by ascribing a separate and distinct valuation for SMG".

SMG is now appointing the relevant professionals needed for the proposed listing, which is in the preliminary stages.

This is subject to consultations, and clearance from the relevant regulators in Singapore and Hong Kong.