SGX to decide if Spackman divestment is vested transaction
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Tay Peck Gek
Singapore
SPACKMAN Entertainment Group's sponsor said it is up to the Singapore Exchange (SGX) to decide whether the South Korean media player's proposed divestment of an associate is an interested person transaction (IPT), and that the shareholders who will vote on the deal are independent.
RHT Capital, in its response to The Business Times queries, pointed out that Catalist-listed Spackman Entertainment will have to consult the bourse operator should it choose to proceed with the transaction.
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