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The disposal was completed on 26 January.Spackman Entertainment Group Limited announced the formal completion of the disposal of its entire equity interest in its indirect subsidiary, Studio Take Co., Ltd.The transaction was finalised on 26 January, following the fulfilment of all conditions precedent in the Sale and Purchase Agreement, officially ceasing the group’s ties with its subsidiary.
MM2 Asia Ltd :RECEIPT OF ORIGINATING CLAIM AND STATEMENT OF CLAIM BY MM2 ENTERTAINMENT PTE. LTD.CLAIM FILED ON 20 JAN SEEKING PAYMENT OF S$6.3 MILLION, OTHERS
Media production company Vividthree received a debt collection letter from UOB, demanding repayment of approximately HKD 1.17 million in outstanding loans and interest. The company announced on January 7 that its money market credit facility and transitional loans under its corporate financing plan have been terminated, requiring repayment of HKD 1.1695 million within seven days. Vividthree stated that it has engaged with UOB to discuss alternative repayment options and is exploring other financing methods with multiple parties, and has not received any other legal action notifications
Vividthree Holdings Ltd. faces a S$1.17 million loan repayment after United Overseas Bank terminated its money market line and temporary bridging loan facilities, demanding immediate repayment. The loans were part of a Covid-19 support scheme. The company is seeking alternative settlement arrangements and fundraising options, emphasizing that its ability to continue operations depends on these efforts. Shareholders are advised to exercise caution as the board believes trading can proceed orderly. The latest analyst rating for Vividthree stock is a Hold with a S$0.02 price target.
Jan 7 (Reuters) - Vividthree Holdings Ltd (VIVI.SI) :* RECEIPT OF LETTER OF DEMAND* LENDER TERMINATED FACILITIES & ALL OUTSTANDING SUM FACILITIES OF S$1.2 MILLION IS IMMEDIATELY DUE Further company coverage: (VIVI.SI)
