Khazanah said the sale would be for a 100 per cent stake in the operating company, Iskandar Malaysia Studios.
In a statement today, it said SMS is a consortium led by IMS’s current Malaysian management team in partnership with Singapore’s GHY Culture & Media Holding Co Ltd and its subsidiary, GHY Culture & Media Sdn Bhd.
It also said that SMS is expected to further enhance the services provided by Iskandar Malaysia Studios to the industry, as well as facilitate future partnerships and production opportunities for Malaysia.
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