Corporate digest

Spackman Entertainment

SPACKMAN Entertainment Group (SEG) has agreed to buy another 7.52 per cent stake in associated company Spackman Media Group (SMG) for US$6.9 million, from certain existing SMG shareholders. Upon completion, SEG's interest in SMG will increase to 41.28 per cent. SEG will pay for the acquisition by issuing new SEG shares worth US$6.9 million to the existing SMG shareholders at S$0.09 each.

Technics Oil & Gas