Spackman Entertainment (SGX:40E) said the restructuring of its subsidiaries has been completed through the transfers of shares of several subsidiaries, a filing with the Singapore Exchange said on Thursday.
A total of 1,020 shares that represent 51% stake in Novus Mediacorp, were transferred to Spackman Equities (SEL).
Meanwhile, 165,000,000 shares, representing 100% equity in Simplex Films, were transferred to SEL.
In addition, 20,000 shares, representing 60.2% stake in the share capital of Noon Pictures, was also transferred to SEL.
SEL also received 4,400,000 shares, representing 100% stake in Constellation Agency, while 84,000 shares that represent a 94.4% stake in Upper West was transferred to P4 Factory, a subsidiary of Constellation Agency.
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