General Announcement::News Release: SGX welcomes G.H.Y Culture & Media Holding to Mainboard

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
18-Dec-2020 09:13:42
Status
New
Announcement Sub Title
News Release: SGX welcomes G.H.Y Culture & Media Holding to Mainboard
Announcement Reference
SG201218OTHRTAPQ
Submitted By (Co./ Ind. Name)
Jo-Ann
Designation
Senior Associae, Marketing & Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the listing of G.H.Y Culture & Media Holding on its Mainboard under the stock code "XJB".

G.H.Y Culture & Media Holding (G.H.Y.) is an entertainment business focused on the production and promotion of dramas, films and concerts in the Asia-Pacific region. The company has produced several dramas and films in the PRC, Singapore and Malaysia that have been broadcasted and/or distributed on major TV networks and leading video streaming platforms in the PRC. It has also undertaken the production of concerts for well-known international artistes in Singapore, with upcoming concerts to be held in Singapore, Malaysia and Australia. G.H.Y. also provides talent management services and costumes, props and makeup services in the PRC and Singapore.

Guo Jingyu, Executive Chairman and Group Chief Executive Officer said, "Our listing on SGX marks the first step in an exciting future for G.H.Y Culture & Media Holding Co., Limited, enabling us to enhance our profile both in Singapore and abroad. With our expansion plans and exciting projects in the pipeline, we are well-positioned to capture new opportunities in the media and entertainment industry and establish ourselves as the choice entertainment group in the region. We are honoured to have our investors and shareholders on board with us as we explore this next chapter of growth in the G.H.Y story."

Chew Sutat, Head of Global Sales & Origination, SGX, said, "We are delighted to welcome G.H.Y Culture & Media Holding to our Mainboard. Entertainment has become an ubiquitous part of our lives, in particular online video platforms which have grown increasingly popular given the ease and convenience of internet streaming. Among its future plans, G.H.Y intends to leverage on technological advancements to further diversify into new media content such as interactive dramas. SGX looks forward to continue being G.H.Y's global fundraising partner, as it expands its international reach and uses its media to bridge between the PRC and the ASEAN region."

With a market capitalisation of about S$709 million, G.H.Y Culture & Media Holding's listing will add to SGX's Mainboard listings with a combined market capitalisation of more than S$856.3 billion.

G.H.Y Culture & Media Holding opened at S$0.70 today.

Attachments

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