Media production company GHY Culture & Media plans to raise $107.5 million in its initial public offering, in conjunction with its listing on the Mainboard of the Singapore Exchange (SGX).

This makes the company the third non-REIT Mainboard listing on the SGX this year.

GHY is offering an aggregate of 18.7 million shares to institutional investors and three million shares for retail shareholders, and an additional 141.2 million new shares to cornerstone investors including Ron Sim, better known as founder of the Osim lifestyle group.

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