The booming Chinese-Singaporean entertainment group GHY Culture & Media will acquire majority control of independent Singaporean film distributor Clover Films. The move has been described as a âstrategic investmentâ and leaves current management in charge of operations at Clover.
Listed company GHY will buy 51% of the shares of privately held Clover, but it has not disclosed a valuation. GHY said the acquisition is part of its growth strategy and “strengthens its geographic footprint in Singapore and South East Asia”.
Clover Films was founded in 2009 and operates as a distributor in Singapore and neighboring Malaysia. Its main focus is international films, especially Asian titles. He has dealt with films such as “Train To Busan”, “Peninsula”, “Parasite”, “Shockwave 2 and” CZ12 “.
Clover has also been involved in local production in Singapore and Malaysia. His production credits include the series “Ah Boys To Men” by Jack Neo, “Ramen The” by Eric Khoo and “Wira” by Adrian Teh. Since 2020, the Clover Films group has become a developer of content for streaming platforms and broadcasters.
âBased on our extensive industry experience and end-to-end production capabilities, we are confident of adding strategic value to the existing production and distribution skills of the Clover Films Group,â said Guo, President executive and CEO of the GHY group.
âWe strongly believe in the film talent of our region and will work with our filmmakers to develop and create good quality content from South East Asia for a wider global audience,â said Clover MD, Lim Teck. âWe believe that Clover Films Group and GHY can leverage our identified synergies and leverage our combined resources to grow both our distribution and content production businesses. “
GHY was founded and remains run by writer and producer Guo and has significant ties to mainland China. These saw the company involved in several television drama series, including “The Little Nyonya”, intended for mainland consumption. He recently partnered with mainland Chinese streaming company iQiyi to form what he claims to be Southeast Asia’s largest talent agency.
GHY currently produces in Singapore, Malaysia and China. It also has concert promotion operations in Singapore, Malaysia and Australia and smaller talent management operations, primarily in China, and costume, props and makeup services in China and Singapore.