Charles Spackman, Executive Chairman of Spackman Entertainment Group said:
“The release of our new slate of films, post-IPO, has seen much delay since our last movie due to unforeseen external factors such as the MERS outbreak in Korea. The prolonged period of time since our last release has taken a toll on the performance of our Company’s share value; however, THE PRIESTS will kick start a cycle of new releases of Spackman Entertainment Group’s films, which is expected to continue to the end of 2015 and throughout 2016. We hope that this new cycle of releases will boost investor interest.”
What are the next releases and do you know when they will hit the big screen? Currently, The Priests has started to taper off in terms of audience size and the no. of theatres where it is screened. The market share over the weekend just over was 20%, down from 50% previously.
The 'shelf life' is probably going to last another 1 or 2 weeks, I guess.
Mel wrote: Watch out for Edition Limited. Now 1.3 cents. Tightly held by insiders, and easy to push up by supporters. Company has a major change in business and is a play on property and agriculture.
The Group has already established a management team for our office in Kelantan, Malaysia in the first half of 2015. Subsequently, we have finalised architecture design and initial planning for the first high-rise development project. The focus of the Group now is placed on obtaining development and construction permits for the project. Separately, we are also in discussion for other potential opportunities with various business partners in Kelantan. In Singapore, the Group will continue to source for suitable property development opportunities. With the completion of the Rights Issue which raised S$21.34 million gross proceeds in July 2015, this will place us in a better position for future investments.
For the Group's business in Korea, in line with the cost management measures, the management has successfully curtailed the pace of general expenditure and improved the cost efficiency of the operation. As a result, operating losses arising from the Korea operation has been reduced. In view of the continuing loss over the years, the Group is also weighing up the option for a potential disposal of the Korea subsidiaries.
The Group has also obtained the mandate on diversification into high-tech agricultural business in the last EGM. The management has been exploring various options and conducting feasibility studies for the new segment.
Forise is the new name for Great Group a mediocre biz. With a new strategic investor from China, u can expect a strong turnaround with new businesses injected. Just google Wang Xin, & u will learn he is a big gun in China finance industry. Now 1.9 cents only.
Moya Holdings had less than 100,000 shares volume yesterday. Today, by 3 pm, already 7.4 million shares. Price unchanged at 3.3 cents. Something brewing.
"In connection with the Subscription, the Company would like to inform its shareholders that the Subscriber has further represented to the Company that its sole shareholder is Cho Yu Chung, who holds all the issued shares in the Subscriber in trust for PT Tamaris Hidro. PT Tamaris Hidro is an Indonesian based group which is principally engaged in the investment, development, construction and operation of hydroelectric power plants. The Salim group (ie, Anthoni Salim and/or the group of companies controlled by him) has an interest in 85% of the capital of PT Tamaris Hidro."
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