The vendors, which include Tay Eng Hoe, Tan Hup Foi and John Tan Yik Ann, are the current legal and beneficial owners of Orita Sinclair.
Orita Sinclair, which was established in 2002, focuses on operating a private education institution offering programmes in design, communications, music, film and media.
The proposed acquisitions aligns with the group’s strategic efforts to “strengthen its presence” in the media and entertainment industry, says GHY Culture & Media.
The group adds that the acquisition will provide an opportunity for the group to develop synergies through integrating educational expertise into the group's talent pipeline, which is expected to support its efforts to expand its capabilities in producing high-quality content.
See also: CDL says board changes deviated from norms
Shares in GHY Culture & Media closed flat at 11.8 cents on Dec 18.
