March 15 (Reuters) - Spackman Entertainment Group Limited:
* Proposed Acquisition Of 100.0% Equity Interest In Frame Pictures Co., Ltd.
* Entered into a sale and purchase agreement with owner of frame pictures co., ltd.
* Agreement to acquire entire issued and paid- up share capital of frame pictures
* Purchase consideration to acquire frame pictures comprises krw 900 million in cash and 497,250 issued and paid-up ordinary shares of spackman media group
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