Singapore Share Market Update: RHB Research is looking for its “BUY” approach Spackman Entertainment Group while bringing down its lower target cost to 20 pennies from 23 pennies already to factor in a normal weakening of offers.
This comes after Spackman yesterday reported its procurement of Taking Pictures, whose 100%-possessed backup is movement improvement picture generation organization Studio Take, for an aggregate thought of $3.9 million.
The arrangement will be in part subsidized with the issuance of 25.7 million new offers at the cost of 13 pennies for every offer.
Furthermore, the gathering has acquired US$2.7 million ($3.7 million) worth of Spackman Media Group shares at 3 US pennies every, which is likewise to be subsidized with the issuance of 28.45 million new Spackman shares at 13 pennies for every offer.
In a Wednesday report, Financial expert Jarick Seet says ...