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GHY Culture
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For_The_Next_Leg
Veteran |
19-Sep-2023 13:35
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$GHY Culture(XJB.SI) many stakeholder increases their stake after investment in Jay chou concert in China was announced! " In addition, it intends to expand its concert production business activities for FY23 and FY24. On Sep 11, GHY announced that Beijing Changxin Film & Media, which is an indirect associated company of GHY, had entered into two cooperation agreements to invest in a series of Jay Chou&rsquo s Carnival World Tour concerts in China that were held in August 2023 and that will be held in September 2023." Turnaround gonna happen! https://www.businesstimes.com.sg/companies-markets/ghys-guo-jingyu-raises-stake-group-eyes-turnaround-profitability |
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Joelton
Supreme |
18-Sep-2023 10:53
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GHY Culture & Media Holding Co
(GHY), is a leading player in the media and entertainment industry and has produced several dramas and films in China, Singapore and Malaysia that have been broadcast and/or distributed on major TV networks and leading video streaming platforms in China.
On Sep 12, Kang Ru Investments (Kang Ru) entered into a share transfer agreement with a third-party seller (seller), where Kang Ru agreed to purchase from the seller 41,990,000 ordinary shares in GHY, for a consideration of 80 million yuan. Pursuant to Section 4(7) of the Securities and Futures Act 2001 (SFA), Kang Ru is deemed to have an interest in the 41,990,000 shares.
Da Yuan Developments (Da Yuan) is the sole shareholder of Kang Ru. Vistra Trust (Singapore) is the sole shareholder of Da Yuan and is the trustee of the Guo Yue Family Trust which is a discretionary trust. The shares held by Kang Ru are assets of the Guo Yue Family Trust. As at the date of this notification, the beneficiaries of the Guo Yue Family Trust are GY Media & Entertainment Limited, executive chairman and group CEO Guo Jingyu and executive director Yue Lina (including the minor child of Guo Jingyu and Yue Lina).
The acquisition takes Kang Ru&rsquo s direct interest in GHY from 59.60 per cent to 63.51 per cent.
For the group&rsquo s latest half year results, revenue surged 58 per cent to S$32.7 million with H1FY23 (ended Jun 30) gross profit increasing by 110 per cent from H1FY22 to S$10.6 million. Eyeing turnaround and profitability in FY23, the group has entered into various production collaborations with leading streaming service providers in China (such as iQIYI, Tencent Video, and others) and expects a stronger pipeline of new drama productions for FY23 and FY24.
In addition, it intends to expand its concert production business activities for FY23 and FY24. On Sep 11, GHY announced that Beijing Changxin Film & Media, which is an indirect associated company of GHY, had entered into two cooperation agreements to invest in a series of Jay Chou&rsquo s Carnival World Tour concerts in China that were held in August 2023 and that will be held in September 2023.
GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan, and China (excluding Hong Kong and Macau) either on a long-term basis or without any expiry date.
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Joelton
Supreme |
18-Sep-2023 10:49
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GHY&rsquo s CEO Guo Jingyu raises stake as group eyes turnaround, profitability
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions through to Sep 14, with S$18.4 million of net institutional inflow, while 24 primary-listed companies conducted buybacks with a total consideration of S$25.9 million.
led the share buyback consideration tally, buying back 1.2 million shares at an average price of S$12.58 per share, followed by which bought back 5.36 million shares at an average price of S$1.13 per share. also bought back 365,000 shares at an average price of S$5.12 per share.
The five trading sessions saw 60 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks. This included 13 company director acquisitions with no disposals filed, while substantial shareholders filed nine acquisitions and two disposals.
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ozone2002
Supreme |
18-Sep-2023 08:05
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GHY Culture & Media Holding Co(GHY), is a leading player in the media and entertainment industry and has produced several dramas and films in China, Singapore and Malaysia that have been broadcast and/or distributed on major TV networks and leading video streaming platforms in China. On Sep 12, Kang Ru Investments (Kang Ru) entered into a share transfer agreement with a third-party seller (seller), where Kang Ru agreed to purchase from the seller 41,990,000 ordinary shares in GHY, for a consideration of 80 million yuan. Pursuant to Section 4(7) of the Securities and Futures Act 2001 (SFA), Kang Ru is deemed to have an interest in the 41,990,000 shares. Da Yuan Developments (Da Yuan) is the sole shareholder of Kang Ru. Vistra Trust (Singapore) is the sole shareholder of Da Yuan and is the trustee of the Guo Yue Family Trust which is a discretionary trust. The shares held by Kang Ru are assets of the Guo Yue Family Trust. As at the date of this notification, the beneficiaries of the Guo Yue Family Trust are GY Media & Entertainment Limited, executive chairman and group CEO Guo Jingyu and executive director Yue Lina (including the minor child of Guo Jingyu and Yue Lina). The acquisition takes Kang Ru&rsquo s direct interest in GHY from 59.60 per cent to 63.51 per cent. For the group&rsquo s latest half year results, revenue surged 58 per cent to S$32.7 million with H1FY23 (ended Jun 30) gross profit increasing by 110 per cent from H1FY22 to S$10.6 million. Eyeing turnaround and profitability in FY23, the group has entered into various production collaborations with leading streaming service providers in China (such as iQIYI, Tencent Video, and others) and expects a stronger pipeline of new drama productions for FY23 and FY24. In addition, it intends to expand its concert production business activities for FY23 and FY24. On Sep 11, GHY announced that Beijing Changxin Film & Media, which is an indirect associated company of GHY, had entered into two cooperation agreements to invest in a series of Jay Chou&rsquo s Carnival World Tour concerts in China that were held in August 2023 and that will be held in September 2023. GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan, and China (excluding Hong Kong and Macau) either on a long-term basis or without any expiry date. |
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Joelton
Supreme |
15-Sep-2023 10:27
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GHY Media CEO & Exec Director Increases Stake in Company
On 12 September 2023, Kang Ru Investments Limited (" Kang Ru" ) entered into a share transfer agreementwith a third party seller (" Seller" ), pursuant to which Kang Ru agreed to purchase from the Seller 41,990,000 ordinary shares in the Company (" Shares" ), for a consideration of RMB 80 million.
Pursuant to Section 4(7) of the Securities and Futures Act 2001 (" SFA" ), Kang Ru is deemed to have an interest in the 41,990,000 Shares. Da Yuan Developments Limited (" Da Yuan" ) is the sole shareholder of Kang Ru. Vistra Trust (Singapore) Pte. Limited is the sole shareholder of Da Yuan and is the trustee of the Guo Yue Family Trust which is a discretionary trust.
The Shares held by Kang Ru are assets of the Guo Yue Family Trust. As at the date of this notification, the beneficiaries of the Guo Yue Family Trust are G.Y Media & Entertainment Limited, Guo Jingyu and Yue Lina (including the minor child of Guo Jingyu and Yue Lina).
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tedlim
Veteran |
13-Sep-2023 13:42
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Jay Chou' s four-day China concert in Tianjin drive local consumption by RM1.9b KUALA LUMPUR, Sept 13 &mdash King of Mandopop Jay Chou' s recent four-day concert at Tianjin, China, has driven local consumption by a whopping three billion yuan (RM1.9 billion). Quoting figures released by Tianjin Municipal Government, China Times reported that the event saw 185,000 people attending. Of the number, 38 percent are locals while the rest are from outside of the city. The concerts, held from September 7 to 10 at Tianjin Olympic Centre, has further promoted local business, culture and tourism. From September 6 to 11, there was an increase of 11.7 per cent in the overall number of tourism orders compared to the previous week while tourist arrivals also increased by 8.57 per cent during the same period. ADVERTISING Meanwhile, hotel occupancy grew 91 per cent while room rates recorded an uptick of 25.9 per cent. As seen from the figures, the authorities opined that performances and travelling has injected new vitality. It has also become a &ldquo new engine&rdquo to drive urban economic development. The concert was part of Chou' s Carnival World Tour that began in 2019 and expected to end May 19 next year at Fuzhou, China. |
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For_The_Next_Leg
Veteran |
13-Sep-2023 09:41
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$GHY Culture(XJB.SI) There is a reason behind the lag of concerts from GHY because they will continue to want to invest into Jay chou. Think about this - they just need Jay chou. Jay is also very integrated with the company, if you still dont know.
" GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan and the PRC (excluding Hong Kong and Macau) either on a long-term basis or without any expiry in time."
https://links.sgx.com/1.0.0/corporate-announcements/LQSBWIX7VMOKHOJQ/62d37fe2442c45443f0aac573ddf8a860c39e1c288e474dc70676c5ca39b0317
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Joelton
Supreme |
12-Sep-2023 10:50
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GHY invests in a series of Jay Chou&rsquo s Carnival World Tour concerts in China
GHY Culture & Media XJB 0.00% , through its indirect associated company, Beijing Changxin Film & Media, has entered into two cooperation agreements with Shanxi Xingtai Film, Culture & Entertainment.
Under the agreements, Beijing Changxin had invested in a series of Jay Chou&rsquo s Carnival World Tour concerts. The Mandopop star held a series of concerts in Hohhot from Aug 17 to 20, and will hold another series of concerts in Taiyuan from Sept 21 to 24. Hohhot is located in Inner Mongolia while Taiyuan is located in China&rsquo s Shanxi province.
Beijing Changxin was involved in the production of these concerts and was also named as an organiser.
According to GHY, China&rsquo s reopening saw new opportunities within the live entertainment space arising from the pent-up demand for concerts and live performances.
Referring to data from the China Association of Performing Arts, ticket revenue from commercial performances was said to be close to RMB5 billion ($941.7 million) in the first quarter, surging about 111% y-o-y. The number of audience members skyrocketed 143% to 22 million.
Anchored by its two core businesses of TV programme and film production and concert production, GHY expects its business operations to further normalise in FY2023.
" Similar to the trends in other countries, demand for concerts and live performances have surged significantly in China since Covid-related restrictions were lifted in late 2022. Mandopop superstar Jay Chou is hugely popular in China, where he has a strong fan base. It has been nearly three years since his last concert in China and hence, we believe there will be strong demand for his largescale concerts that we are excited to be a part of,&rdquo says Guo Jingyu, executive chairman and group CEO of GHY.
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tedlim
Veteran |
11-Sep-2023 19:12
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Singer Jay Chou invites superstar Jackie Chan as his special guest at China concert TIANJIN &ndash Talk about a dream pairing of superstars from the music and movie worlds. Taiwanese Mandopop king Jay Chou, who is on his Carnival World Tour in China, managed to snag Hong Kong action star Jackie Chan as his special guest during the third day of his concert in Tianjin last Saturday. Chou, 44, was performing the song Faraway (2006) when Chan, 69, appeared on stage via a rising platform and sang along with him. More than 40,000 fans at the Tianjin Olympic Centre Stadium shouted and cheered at the actor&rsquo s surprise cameo. Chan recently starred in the movies Ride On (2023) and Hidden Strike (2023) and also voiced the character Master Splinter in the animated film Teenage Mutant Ninja Turtles: Mutant Mayhem (2023). Chou and Chan hugged each other on stage after performing the song, with Chan saying he was stunned by the fans&rsquo loud cheers. &ldquo Brother, do you want to feel it again?&rdquo Chou asked, before telling the crowd: &ldquo Let&rsquo s use the nunchucks.&rdquo They responded in unison with &ldquo Heng heng ha xi&rdquo , which is part of the chorus of Chou&rsquo s 2001 song Nunchucks. Chan then replied: &ldquo I will perform the Drunken Master next time. Heng heng ha xi,&rdquo referring to the theme song of his gongfu movie Drunken Master II (1994). When Chou asked Chan if he wanted to perform another song, Chan joked that Chou should leave the stage for a costume change so that Chan could do a solo routine. Chan then picked Chou&rsquo s 2006 ballad Listen To Mum for their next duet, as Chan said he could not keep up with Chou&rsquo s more fast-paced tracks such as Nunchucks. He also thanked Chou for composing Thank You My Love (2018), a tune which touched his family members. Chou said: &ldquo This song can also be used to thank all the fans and friends for their support along the way.&rdquo Chan took the opportunity to add: &ldquo Thank you to all the fans for supporting him, thank you to all the movie fans for supporting me. Thank you everyone.&rdquo Chou had invited his good friend, Taiwanese artiste and fitness live-streamer Will Liu as his special guest during the first day of his concert in Tianjin, and Taiwanese singer-actor Alec Su &ndash winner of the second season of Chinese reality singing contest Call Me By Fire in 2022 &ndash on the second day. Chou will perform next in Taiyuan city in Shanxi province from Sept 21 to 24. |
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Joelton
Supreme |
11-Sep-2023 13:45
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GHY Invests in a Series of Mandopop Superstar Jay Chou' s Carnival World Tour Concerts in China
G.H.Y Culture & Media Holding Co., Limited (" GHY" , and together with its subsidiaries and its PRC Affiliated Entities1, the " Group" ), a leading player in the media and entertainment industry, is pleased to announce that Beijing Changxin Film & Media Co., Ltd (北 京 长 信 影 视 传 媒 有 限 公 司 ), an indirect associated company of GHY, has entered into two cooperation agreements to invest in a series of Jay Chou' s Carnival World Tour concerts in the PRC that were held in August 2023 and that will be held in September 2023.
The reopening of the PRC has brought on new opportunities arising from the pent-up demand for concerts and live entertainment in the PRC. According to data from the China Association of Performing Arts, ticket revenue from commercial performances was close to RMB 5 billion in the first quarter, surging about 111 percent from a year ago and the number of audience members skyrocketed 143 percent to 22 million2.
Anchored by its two core businesses of TV Program and Film Production and Concert Production, the Group expects its business operations to further normalise in FY2023.
Mr. Guo Jingyu (郭 靖 宇 ), Executive Chairman and Group CEO, said, " Similar to the trends in other countries, demand for concerts and live performances have surged significantly in the PRC since COVID-related restrictions were lifted in late 2022.
Mandopop superstar Jay Chou is hugely popular in the PRC, where he has a strong fan base. It has been nearly three years since his last concert in the PRC and hence, we believe there will be strong demand for his large- scale concerts that we are excited to be a part of.&rdquo
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For_The_Next_Leg
Veteran |
08-Sep-2023 15:13
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Company has skin in the game for these concerts https://www.sixthtone.com/news/1013352 |
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For_The_Next_Leg
Veteran |
30-Aug-2023 11:06
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$GHY Culture(XJB.SI) China is in a low interest rate environment now. Look at the low interest low it gotten from China. People forget the advantage this company has in China.
https://links.sgx.com/1.0.0/corporate-announcements/U4FRZ8PER9R7OZXA/1aaedfa5378a1b59228948265e6cc60be6f74889683c95e05795b752eadeb23f
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Joelton
Supreme |
30-Aug-2023 10:43
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GHY maintains steady buybacks MindChamps' Du trims stake
GHY Culture & Media has kept up with its steady share buybacks from the open market. The most recent acquisition was on Aug 29, when it acquired 2,300 shares at 36.5 cents each. This brings the total number of shares bought back under the current mandate to 604,200 shares or 0.057% of the company&rsquo s share base.
Before the latest transaction, GHY had bought back shares on most trading days after it announced its 1HFY2023 ended June earnings on Aug 7.
On Aug 23, 24, 25 and 28, it acquired 3,300 shares at 36.6 cents each, 3,300 shares at about 36.7 cents each, 38,300 shares at about 36.5 cents each and 42,300 shares at about 36.5 cents respectively.
In 1HFY2023, GHY, which produces dramas and organise concerts, recorded a revenue of $32.7 million, up 58% y-o-y, as it booked more revenue from organising concerts and drama production. However, it remained in the red with a loss of $1.9 million, versus losses of $1.8 million incurred for 1HFY2022.
GHY attributes the losses to a weaker renminbi, in which it receives its revenue, versus its reporting currency, the Singdollar. According to GHY, if the forex losses of some $3.4 million recognised were disregarded, it would have reported earnings of $1.5 million for 1HFY2023.
&ldquo While the foreign exchange loss recorded in 6M2023 has outpaced our operational profitability, we remain optimistic for FY2023 with our strategic priorities and plans ahead,&rdquo says executive chairman Guo Jingyu in his earnings commentary, adding that the company expects to achieve turnaround and profitability for the current FY.
On Aug 28, GHY announced that Beijing Changxin Film & Media, an indirect associate, had entered into a co-production agreement with Shanghai Tencent Penguin Film & Culture Communication, which is under China&rsquo s internet giant Tencent Holdings.
Under the agreement, the parties have agreed to co-produce a drama series titled &ldquo Contenders&rdquo . Production will start in November. As described by GHY, the drama series forms part of GHY&rsquo s pipeline of dramas and films as it continues to strive to deliver quality entertainment content through its in-house script production team that developed the script.
&ldquo The company believes that the co-production of this drama series is a testament to the group&rsquo s strong partnership with Tencent Video.
&ldquo Over the years, the group has built up an established network of business relationships and partnerships with key industry players in the media and entertainment industry which forms an integral part of the group&rsquo s business expansion and the execution of its long-term growth plans,&rdquo adds GHY.
Doubling the money
Catherine Du, a substantial shareholder of MindChamps PreSchool, has sold all 70,000 shares she held directly, having doubled her money after holding the shares for just over four months. On Aug 21, Du sold these 70,000 shares at 29 cents each on the open market. She had bought the same shares on April 6 at 15 cents each.
Despite the sale, Du is still a 35.77% owner of an entity called Champion Minds, which, in turn, holds 126.6 million MindChamps shares, equivalent to just over 52% of the company.
On Aug 10, MindChamps PreSchool, which offers preschool education across the region, reported earnings of $7.1 million in 1HFY2023 ended June, a surge of 379% y-o-y over $1.49 million reported in 1HFY2022. Revenue was up 11% y-o-y to $35.2 million as the company was able to book more franchising fees.
For more stories about where money flows, click here for Capital Section
MindChamps, under executive chairman and controlling shareholder David Chiem, is actively growing via an asset-light franchising model instead of owning and operating its own schools.
The company recently appointed another master franchise licence for Western Australia, with a flagship centre that is scheduled to open in Perth in 1Q2024. It is also on track with its US expansion and is now registered in every major state.
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tedlim
Veteran |
28-Aug-2023 09:57
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Recovery are in motion for them.... |
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Joelton
Supreme |
28-Aug-2023 09:41
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GHY: Collaboration with Tencent Video for the Production of &ldquo Contenders"
The Board of Directors (the " Board" ) of G.H.Y Culture & Media Holding Co., Limited (the &ldquo Company" and together with its subsidiaries and associated companies, the " Group" ) wishes to announce that Beijing Changxin Film & Media Co., Ltd (北 京 长 信 影 视 传 媒 有 限 公 司 ), an indirect associated company of the Company, has entered into a co-production agreement (" Co-Production Agreement" ) with Shanghai Tencent Penguin Film & Culture Communication Co., Ltd. (上 海 腾 讯 企 鹅 影 视 文 化 传 播 有 限 公 司 ) (" Tencent Video" ).
Pursuant to the Co-Production Agreement, the parties have agreed to co-produce a drama series titled " Contenders 狮 城 山 海 " and production will commence from November 2023.
This drama series forms part of the Group' s pipeline of dramas and films, as the Group continues to strive to deliver quality entertainment content through our in-house script production team that developed the script for " Contenders 狮 城 山 海 " .
The Company believes that the co-production of this drama series is a testament to the Group' s strong partnership with Tencent Video. Over the years, the Group has built up an established network of business relationships and partnerships with key industry players in the media and entertainment industry which forms an integral part of the Group' s business expansion and the execution of its longterm growth plans.
The Co-Production Agreement is not expected to have any material impact on the earnings per share or net tangible assets per share of the Company for the financial year ending 31 December 2023. The Company will make further announcements to keep shareholders informed of the business updates of the Group, as appropriate or when there are material updates or developments.
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For_The_Next_Leg
Veteran |
27-Aug-2023 11:51
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$GHY Culture(XJB.SI) Lots of catalyst for year end results: Jay chou china concert, 3 new drama coming up (Note that drama filming is cash upfront!), new revenue in musical production, plus media hub in Asia.
Year end result will be great!
https://links.sgx.com/1.0.0/corporate-announcements/IEXVMWMASS6MH03B/b3a0272eb3ab4872c9d5a3f214fa6980f8ac3651ccdb6f3bd1418459f2751bbe
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For_The_Next_Leg
Veteran |
10-Aug-2023 11:15
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$GHY Culture(XJB.SI) You may have missed it - the latest result shows an NET CASH from operating activities, and the press release also states " Anchored by its " IP franchise" business strategy, the Group has entered into various production collaborations with leading streaming service providers in the PRC (such as iQIYI, Tencent Video, etc) and expects a stronger pipeline of new drama productions for FY2023 and FY2024."
The future looks bright. It is turning around.
https://links.sgx.com/1.0.0/corporate-announcements/IEXVMWMASS6MH03B/b3a0272eb3ab4872c9d5a3f214fa6980f8ac3651ccdb6f3bd1418459f2751bbe
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WBdisciple
Master |
08-Aug-2023 11:21
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Core performance are coming back with much higher gross profits. Forex loss cannot be helped, marco factors that are beyond their control. I believe the forex loss is non-cash and just an accounting requirement... GHY' s outlook seem bullish, eyes turnaround and profit in FY2023 with activities normalising. DYODD |
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Joelton
Supreme |
08-Aug-2023 10:42
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For_The_Next_Leg
Veteran |
21-Jul-2023 16:46
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$GHY Culture(XJB.SI) ghy is also a Jay chou linked company! https://www.scmp.com/business/china-business/article/3227415/ipo-linked-taiwanese-pop-star-jay-chou-oversubscribed-13-times-hong-kong-investors |
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