GHY Culture & Media seeks to acquire 51% stake in Clover Films

Atiqah Mokhtar
Atiqah Mokhtar6/16/2021 8:45 AM GMT+08  • 2 min read
GHY Culture & Media seeks to acquire 51% stake in Clover Films
Clover Films has distributed titles including Oscar-winning Parasite and Korean blockbuster Train to Busan.
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GHY Culture & Media Holding Co (GHY) has entered into a non-binding memorandum of understanding (MOU) with the shareholders of the Clover Films Group in relation to a strategic investment in the group.

The proposed investment will see GHY acquiring a 51% stake in each of Clover Films’ three subsidiaries. The existing shareholders, Lim Teck and Paulyn Chua Nga-Lim, will retain a 49% interest in each of the entities.

No details on the potential deal value were disclosed.

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