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China-Focused Producer GHY Culture Launches on Singapore Stock Market

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Patrick Frater Asia Bureau ChiefSingapore-based mini-conglomerate GHY Culture Media made its debut on the local stock exchange on Friday.

In early trading its shares traded up by more than 6%.The company was founded and remains headed by screenwriter and producer Guo Jingyu and has significant mainland Chinese connections.

These have seen the company involved in several TV drama series, including “The Little Nyonya” that are intended for mainland consumption.The company sold 21.7 million shares at S$0.66 apiece in a public sale to institutions and the public, and a larger tranche through a placing to cornerstone investors.

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