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GHY Culture
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GHY Culture
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bullrun6088
Senior |
18-Dec-2020 20:41
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you are right! Target price $0.10 !!!!
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bullrun6088
Senior |
18-Dec-2020 20:39
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Made a loss in 2018, and 2020 partial financial data???? No profit and loss statement before 2018???? No three year forecast of revenue???? What are the blockbusters???? Public share is only 3m out of total of 21m shares!!!! This coy should be a private coy instead of public listed!!!! Public share should be at least 51% to be a public listed. How can MAS SGX approved this type of empty shell coy from bring publicly listed???? It should remain a private coy with more than 85% in a few private holders hand!!!! | ||
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look@bright
Elite |
18-Dec-2020 20:30
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their business model quite the same as MM2 and Unusal isn' t it.. | ||
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bullrun6088
Senior |
18-Dec-2020 20:26
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Our audited combined financial statements are not comparable to one another and may vary from period to period and prospective investors should exercise caution when comparing our financial figures We have a short operating history beginning from 22 March 2018, and as such, the only audited combined financial statements included in the Prospectus cover FP2018, FY2019 and 6M2020, with FY2019 being the only full year for which financial information has been provided. In addition, we had limited operations in FP2018. As a result, our audited combined financial statements for FP2018, FY2019 and 6M2020 are not comparable to one another and prospective investors should exercise caution when making comparisons of our financial figures for FP2018 and FY2019, as well as for 6M2019 and 6M2020. Further, due to our short operating history and the nature of our business, our revenue, operating expenses and results of operations may vary from period to period and from year to year in response to a variety of factors beyond our control, including general business and economic conditions, employment rates, inflation and interest rates, and consumer discretionary income, retail spending, and confidence. Owing to these factors and our short operating track record, among others, we believe that our historical results of operations and the year-to-year or even period-to-period comparisons of our historical results of operations may not be indicative of our future performance and undue reliance should not be placed on these historical results of operations and comparisons to predict our future financial performance or the future performance of our Shares. |
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easywin
Supreme |
18-Dec-2020 12:21
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Buying interest not like Nanofilm | ||
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Contratrader
Elite |
18-Dec-2020 10:58
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Short in the opening easier.....now no range liao | ||
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easywin
Supreme |
18-Dec-2020 10:27
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GHY Culture & Media' s public tranche of IPO 16 times subscribed? Now stagnant at 0.66 iPO price no many interested | ||
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Joelton
Supreme |
18-Dec-2020 10:03
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GHY Culture & Media' s public tranche of IPO 16 times subscribed
ENTERTAINMENT and content provider GHY Culture & Media Holding Co received applications from both retail and institutional investors for 16 times the number of shares available in the public tranche of its initial public offering (IPO).
The company is selling 21.7 million shares priced at S$0.66 apiece as part of its listing on the mainboard of the Singapore Exchange. The offering comprises 18.7 million placement shares and a public offer of three million shares.
GHY said it received 1,402 valid applications for a total of 48.1 million shares under the public tranche.
The placement received indications of interest for some 160.4 million shares with a total value of S$105.9 million, or 8.6 times the number of shares on offer.
Concurrent but separate from the IPO, 10 cornerstone investors subscribed for and purchased an aggregate of 162.7 million cornerstone shares, of which 141.2 million will be new shares issued by the company. The remaining 21.5 million shares are vendor shares belonging to investment holding company Taiho Holding and group adviser John Ho.
The cornerstone investors in the IPO consist of Epical Entertainment, Hong Kong Chixin Investment, consultancy company ICH Capital, entertainment service provider iQIYI International Singapore, King Kong Media Production, OSIM International founder Ron Sim, Songful Global Investment, Qilin Asset Management, brand developer V3 Brands and investment holding company Yinson Capital.
The offering, issuance of new cornerstone shares and sale of vendor cornerstone shares, will raise gross proceeds of S$121.7 million, said GHY.
The company' s market capitalisation will stand at about S$708.7 million post-placement.
Guo Jingyu, CEO of GHY, said: " We are encouraged by the strong and broad support shown by institutional and retail investors for our listing.
The positive response is a testament of investor confidence in GHY' s robust financials, capabilities and business strategies. We look forward to leveraging on our strengthened market position to expand our international reach and regional presence."
The company said in the prospectus that it plans to use the proceeds from the IPO and issuance of new cornerstone shares to invest in production, acquisitions, joint ventures and strategic alliances to expand its TV programme and film production, as well as concert production business segments. Proceeds will also be used for general corporate and working-capital purposes.
DBS, UOB Kay Hian and Bank of China, Singapore are the joint underwriters and book runners of the IPO. The listing and trading of GHY' s shares is expected to commence on a " ready" basis at market open on Friday.
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