GHY Culture flags cases of unauthorised use of company name, logo

DRAMA and film production company GHY Culture & Media XJB said it has recently discovered cases of unauthorised use of the company's name and logo. One of such uses includes a "G.H.Y Culture & Media" application platform that allegedly conducts fraudulent transactions to lure investors to invest in supposed drama and film productions.

GHY's board said the group is in no way connected to or affiliated with the parties on the other end of the use. The board also clarified that it does not endorse these uses, and makes no representations and warranties, nor bears any responsibility for any activities, actions or information in these uses.

GHY added that it does not solicit for investments from shareholders or the general public, and that the company has not released or authorised the release of any application platform for such purposes or carried out any form of investment offer or financing for its drama and film productions through any mobile application or other application platforms.

GHY said it is currently in the process of investigating such unauthorised uses, and will carry out a detailed assessment of the impact of this on its legal and financial positions.

The group also said it will consider all legal recourse available to it, including making a police report where appropriate or applicable.

Based on the group's initial assessment on the back of all available information, GHY does not expect any material impact from this on its financial and operational results for 2022. The company added that it will make subsequent announcements if there are material developments or where necessary in accordance with the Singapore Exchange's listing rules.

Shares of GHY closed on Monday at S$0.54, up 0.9 per cent or S$0.005.