Simplex is an early stage film production firm headed by veteran Korean producer, Lim Ji-young. John Ko, Chief Executive Officer of Spackman Entertainment Group said, "Through the acquisition of Simplex, the Group shall be able to expand its film production capacity and look forward to positive contribution from Simplex's maiden film within this fiscal year." The Group views that Simplex is equipped with the capability to produce top quality films based on Ms. Lim Ji-young's track record and experience in film production. The Proposed Acquisition also allows the sharing of networks and resources to bring about higher business synergy and efficiency in the Group's film production business segment. About Spackman Entertainment Group LimitedSpackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), one of Korea's leading entertainment production groups founded by investment veteran, Mr. Charles Spackman, is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea.
