G.H.Y Culture & Media's Subsidiary Increases Stake in Joint Venture Company

MT Newswires

01/20

G.H.Y Culture and Media's (SGX:XJB) subsidiary, G.H.Y Culture & Media Singapore, increased its shareholding interest in joint venture company Uni-Icon from 70% to 100% after acquising all the remaining shares held by iQIYI.

Following the completion of the acquisition, Uni-Icon has become a wholly-owned indirect subsidiary of the company, according to a filing with the Singapore Exchange on Friday.

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