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Singapore Distributor Clover Films Bought by GHY Culture & Media
Patrick Frater Asia Bureau ChiefRising Chinese-Singapore entertainment group GHY Culture & Media is to acquire majority control of independent Singapore film distributor Clover Films. The move was described as a “strategic investment” and leaves current management in charge of operations at Clover.Stock market-listed GHY is to buy 51% of the shares of privately-owned Clover, but it did not reveal a valuation.
