Spackman kicks off acquisition spree

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SINGAPORE (Aug 16): RHB is maintaining its “buy” call on Spackman Entertainment with a target price of 23 Singaporean cents, following the group’s acquisition of Take Pictures, a startup film production company founded by veteran movie producer, Song Dae-Chan.

See: Spackman in discussions to acquire Korean film production company

Take Pictures has developed a strong lineup of 10 film projects, including The Priests 2, which was co-produced with Zip Cinema, an indirect, wholly-owned subsidiary of Spackman.

The movie, Golden Slumber, starring several A-list Korean artistes, is close to being...(click on link for full story on theedgesingapore.com)