The proposed disposal was completed on Dec 30, 2021.
Spackman Entertainment Group says it has issued a formal warning to its CEO, John Ko, after a series of undisclosed transactions were made by Frame Pictures prior to its proposed disposal. The transactions were also made without the requisite board approvals.
On Dec 23, 2021, Spackman had entered into a sale and purchase agreement (SPA) with High Vision Co to dispose of 100% of its stake – representing 10,000 common voting shares – in Frame Pictures.
