Spackman Entertainment unit seeks listing in Hong Kong

As part of its restructuring exercise.

Spackman Media Group (SMG), an associated company of SGX-listed Spackman Entertainment Group, is seeking to launch an initial public offering (IPO) in Hong Kong.

It had appointed KGI Capital Asia to act as the sole global coordinator, sponsor, bookrunner and lead manager of the offering.

Spackman said that the proposed listing is part of its restructuring exercise and will unlock value for its shareholders by ascribing a separate and distinct valuation for SMG.

The proposed listing is still in its preliminary stages and is still subject to consultations and/or requisite approvals/clearance from the relevant regulatory authorities in Singapore and Hong Kong.