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mm2 Asia strengthens its financial position, launches fully underwritten right issues


February 04, 2021
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SINGAPORE, Feb 3, 2021 - mm2 Asia Ltd. ( mm2 Asia , mm2全亚影视娱乐有限公司 , the Company , or collectively with its subsidiaries, the Group ) has received an in-principle approval from the Singapore Exchange (SGX) on Tuesday Feb 2, 2021, for its proposed rights issue. The Board of Directors have passed a resolution to call for an extraordinary general meeting to approve the proposed rights issue.
The proposal involves the issuance of one (1) Rights Share for every one (1) existing share held, at $0.047 for each Rights Share. Upon the completion of the rights issue, the Company will receive net proceeds of $52.15 million, which will be utilised to pay off the medium-term note due on April 27, 2021 and for general working capital and operations of the Group. ....

Wilhem Lee , Melvin Ang , Asia Ltd , Singapore Exchange , Tuesday Feb , Rights Share , Executive Chairman , Rights Issue , Rights Shares , North Asia , Cathay Cinehome , Senior Executive Director , மெல்வின் அங் , ஆசியா லிமிடெட் , சிங்கப்பூர் பரிமாற்றம் , செவ்வாய் ஃபெப் , உரிமைகள் பகிர் , நிர்வாகி தலைவர் , உரிமைகள் பிரச்சினை , உரிமைகள் பங்குகள் , வடக்கு ஆசியா , மூத்தவர் நிர்வாகி இயக்குனர் ,