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GHY Culture
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ozone2002
Supreme |
19-Dec-2024 17:21
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Last:0.14  +0.022up close to 19% wow 🤩 |
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Joelton
Supreme |
19-Dec-2024 12:18
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GHY Culture & Media to acquire 95% stake in Orita Sinclair School of Design and Music for $3 mil
GHY Culture & Media says its wholly-owned subsidiary, GHY Culture & Media (Singapore), has entered into a sale and purchase agreement for the acquisition of a 95% stake in Orita Sinclair School of Design and Music (Orita Sinclair).
Under the agreement, the shares have a purchase consideration of $3,040,000.
The vendors, which include Tay Eng Hoe, Tan Hup Foi and John Tan Yik Ann, are the current legal and beneficial owners of Orita Sinclair.
Orita Sinclair, which was established in 2002, focuses on operating a private education institution offering programmes in design, communications, music, film and media.
The proposed acquisitions aligns with the group&rsquo s strategic efforts to &ldquo strengthen its presence&rdquo in the media and entertainment industry, says GHY Culture & Media.
The group adds that the acquisition will provide an opportunity for the group to develop synergies through integrating educational expertise into the group' s talent pipeline, which is expected to support its efforts to expand its capabilities in producing high-quality content.
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For_The_Next_Leg
Veteran |
29-Nov-2024 10:12
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Interesting video on GHY.
https://youtu.be/x81b2cCWQSo?si=WJJoGiJO4ikTZDus
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Joelton
Supreme |
25-Oct-2024 11:45
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GHY Culture and Alibaba Group subsidiary enters into co-production agreement
GHY Culture and Media says Beijing Changxin Film and Media, an indirect associated company of the group, has entered into a joint production and production cooperation with Youku Information Technology (Beijing), a subsidiary of Alibaba Group.
Under the agreement, both groups are set to jointly produce a drama series titled, &ldquo My Destiny&rdquo . The series is scheduled to start filming in November and is set for completion in the second half of 2025.
The agreement comes on the back of the group&rsquo s agreement with iQIYI Inc. to co-produce a web drama series, &ldquo Strange Tales of Tang Dynasty 3: Chang' an&rdquo , as announced on Oct 22.
The group says that the joint production and distribution with Youku Information Technology (Beijing) is another &ldquo testament to the strong partnerships and strong network of business relationships and partnerships that the group has established with key industry players in the media and entertainment industry&rdquo .
The agreement is expected to &ldquo contribute positively&rdquo to the group&rsquo s revenue performance.
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For_The_Next_Leg
Veteran |
25-Oct-2024 11:18
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Remember that the payment for the drama will start first before it start fliming. Money in the pocket first.
https://links.sgx.com/1.0.0/corporate-announcements/NENK6YNBVEY6J37P/4be15c9f74fe1cc16691dba7b1c9302114b7949964078906af67a7f5a0752067
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Joelton
Supreme |
23-Oct-2024 08:10
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GHY Culture and Media enters co-production agreement with iQIYI
GHY Culture and Media says Tianjin Changxin Film and Media, an indirect associated company of the group, has entered a co-production agreement with iQIYI Inc..
Under the agreement, both groups are set to co-produce a web drama series titled " Strange Tales of Tang Dynasty 3: Chang' an&rdquo , which is expected to start filming in October and completed in 2025.
The series is a sequel to two web drama series which were previously co-produced with iQIYI.
To maximise the potential and economic value of its intellectual property (IP) portfolio, the group says that it has developed an IP franchise business strategy, which aims to &ldquo create innovative content whilst retaining continuity, in order to make each production a recognisable part of a coherent franchise&rdquo .
The group adds that the co-production and distribution of the drama series on iQIYI' s video streaming platform is a testament to the &ldquo strong network&rdquo of business relationships and partnerships that the group has established with key industry players in the media and entertainment industry, which is &ldquo crucial to the expansion of the group' s business and the execution of its long-term growth plans&rdquo .
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ozone2002
Supreme |
13-Oct-2024 19:35
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no stimulus rally for GHY? |
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For_The_Next_Leg
Veteran |
01-Sep-2024 11:06
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The company NAV is 9.87 cents. As the company make losses, everyone might think this company is doomed. But if you know how the China drama financing works, it makes sense that the company balance sheet will always be formidable unless they no longer has any drama to make. The company is always paid before a drama is being made.
&ldquo &hellip The majority of dramas now are either co-produced by one of the major streaming platforms or are purchased by the streaming platform before filming even starts, meaning that the drama is guaranteed an airing platform even before they start filming. This decreases the risk involved in a drama never seeing the light &ndash at the very least, it will likely get a web release on a set platform&hellip &rdquo
https://www.tubinvesting.com/2023/10/ghys-strategy-for-profitable-drama.html
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Joelton
Supreme |
07-Aug-2024 08:26
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GHY Posts Revenue of S$27.0 Million with Gross Profit of S$5.2 Million in 6M2024 Generated Net Cash of S$13.8 Million from Operating Activities in the First Half of 2024
&bull The Group&rsquo s TV Program and Film Production business recognised revenue of S$6.9 million in 6M2024.
&bull The Group&rsquo s Concert Production business completed six concert productions in Singapore, Australia and Japan with revenue recognition of S$19.7 million in 6M2024.
&bull Recognised one-time losses of approximately S$16.1 million, under other expenses, in 6M2024 arising from the cancellation of the &ldquo China Tournament January 2024&rdquo soccer tournament.
&bull As at 30 June 2024, the Group has cash and cash equivalents of S$47.1 million and net working capital of S$87.9 million.
&bull Net asset value per share stood at approximately S$0.10 as at 30 June 2024.
&bull The Group expects a stronger pipeline of new content for the second half of 2024, barring unforeseen circumstances
Commenting on GHY&rsquo s 6M2024 results, Mr. Guo Jingyu (郭 靖 宇 ), Executive Chairman and Group CEO, said, &ldquo We all want to see significant improvements quickly, but we are determined to re-calibrate our business model to enhance our progress for value creation and business performance in the long term.
Extending our track record in the media and entertainment industry, we continue to focus on the execution of our planned projects, generating healthy cash flow from our core business activities.
Recognising the potential in Asia&rsquo s media and entertainment industry, our teams are energised by our growth ambitions to give new momentum for our growth strategies ahead.&rdquo
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For_The_Next_Leg
Veteran |
25-Apr-2024 20:47
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$GHY Culture(XJB.SI) Yue Lina is one of the executive directors in GHY. She seems to have significant relationship in china.
https://www.marketscreener.com/insider/LINA-YUE-A35IV7/
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Sgvale
Supreme |
05-Apr-2024 19:28
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Mark Lee that time bought at 0.60+? If i remember. Not sure he sold.? |
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Alignment
Master |
14-Mar-2024 16:56
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I would call this an avoidable mistake, not a black swan event. |
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For_The_Next_Leg
Veteran |
08-Mar-2024 16:54
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$GHY Culture(XJB.SI) Ronaldo cancelling the event was a black swan event. Company just have to grind and find the next event to make up for it.
https://www.theedgesingapore.com/capital/results/ghy-culture-media-remains-red-talks-salvage-cancelled-soccer-match-featuring-ronaldo
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For_The_Next_Leg
Veteran |
06-Mar-2024 16:30
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$GHY Culture(XJB.SI) Daily buyback restarts.
https://links.sgx.com/1.0.0/corporate-announcements/ENUY3NQPR3Q5Y1FN/d3a6079a60dbc77fefe8a3f72ad91512fa3928a7a95ac08b0a88348dd37cf2fb
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For_The_Next_Leg
Veteran |
05-Feb-2024 09:55
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Found the iskandar malaysia studios website. Looking forward, I believe the cost of production will be lower since GHY owns the studios - meaning higher profit margins!
https://www.iskandarmalaysiastudios.com/
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For_The_Next_Leg
Veteran |
01-Feb-2024 00:26
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$GHY Culture(XJB.SI) Just found the GHY culture series in MeWatch. Interesting.
https://www.mewatch.sg/show/Sisterhood-433337
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Alignment
Master |
25-Jan-2024 17:17
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They did a bad deal if they can' t get their money back under these circumstances. |
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For_The_Next_Leg
Veteran |
25-Jan-2024 16:36
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$GHY Culture(XJB.SI) Wow...this is a bummer.
https://www.straitstimes.com/business/ghy-seeking-refund-for-cancelled-china-football-tournament-after-ronaldo-s-injury
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Joelton
Supreme |
25-Jan-2024 11:50
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GHY seeking refund for cancelled China football tournament after Ronaldo&rsquo s injury
SINGAPORE &ndash Singapore-listed GHY Culture & Media on Jan 24 said that the entertainment group is in talks with Al Nassr Club Company for a partial refund, if any, of a collaboration fee it paid to organise a football tournament in China.
Al Nassr Football Club (FC) was scheduled to play a friendly match with Shanghai Shenhua on Jan 24 and Zhejiang FC on Jan 28 at the Shenzhen Universiade Sports Centre.
Both games have now been postponed following an injury sustained by Cristiano Ronaldo, forward and captain of Al Nassr FC.
The football superstar and club issued an apology to fans on Jan 23.
GHY had previously disclosed that it would pay a US$10 million (S$13.4 million) collaboration fee to organise the tournament with Al Nassr.
Its subsidiary, G Yue Culture & Media, would be entitled to exclusive organiser rights, including any and all rights related to sponsorship, licensing, broadcasting, ticketing, advertisement, endorsement and promotion.
Al Nassr FC said on Jan 23 that it had agreed with the tournament&rsquo s organiser and promoter to schedule a new match at &ldquo a date to be defined&rdquo .
In its previous announcement, GHY had said it did not expect the collaboration to have any effect on its net tangible assets or earnings per share for the financial year ending Dec 31, 2023.
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Alignment
Master |
24-Jan-2024 11:43
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Both games postponed - sad for the fans. What impact will this have on the company? |
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