Singapore-listed production house, G.H.Y Culture and Media has put its hand up for control of Malaysian studio facility, Iskandar Malaysia Studios (IMS), in an initial US$8-million agreement.

The multi-part deal, which opens with a US$2m offer that will give G.H.Y an indirect 80% stake, is being done through subsidiary, GHY Culture & Media (Malaysia). The first step is scheduled to close by mid-April.

G.H.Y says the proposed acquisition is in line with its strategy to “expand the international reach and strengthen the regional presence of our TV programme and film production business”.