G.H.Y Culture & Media enters theme park joint ventures with iQIYI in China
IQ•Source note
G.H.Y. Culture & Media Holding Co. Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PP37H2VISETPRWFI) on July 31, 2026.
Theme park joint ventures in China
- G.H.Y. Culture & Media entered joint venture agreements with iQIYI to set up two theme park operators in China under its online-to-offline strategy.
- Beijing JV: registered capital RMB 65 million; Beijing Changxin to subscribe RMB 6.5 million for a 10% stake; iQIYI Chuangxiang holds 67.38%.
- Kaifeng JV: registered capital RMB 15 million; Beijing Changxin to subscribe RMB 1.5 million for a 10% stake; iQIYI Chuangxiang holds 70.1%.
- First RMB 650,000 capital tranche for the Beijing JV was paid on April 20; remaining contributions to follow agreed schedules.
- Transaction not expected to materially affect earnings per share or net tangible assets per share for FY2026.
