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Spackman Entertainment Group Ltd ( (SG:9VW) ) just unveiled an update.
Spackman Entertainment Group Ltd has applied for an extension from the Singapore Exchange to delay the announcement of its FY2025 financial statements and the holding of its annual general meeting. This request stems from the company’s underperformance due to challenges in the Korean film industry, including stagnant growth, rising costs, and increased competition. As a result, the company faces a significant revenue drop and cash flow issues, prompting the need for additional time to restructure operations and secure necessary funding for future stability.
More about Spackman Entertainment Group Ltd
Spackman Entertainment Group Ltd is a company incorporated in Singapore, primarily operating in the entertainment industry. The company focuses on producing and distributing theatrical content, especially within the Korean film sector.
Average Trading Volume: 11,388
Technical Sentiment Signal: Sell
Current Market Cap: S$2.64M
Learn more about 9VW stock on TipRanks’ Stock Analysis page.