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The Straits Times mm2 Asia gets offer for Cathay cinema business from Kingsmead Properties mm2 Asia operates eight cinemas in Singapore and 13 cinemas in Malaysia, as well as a movie film distribution business.PHOTO: MM2 ASIA https://str.sg/3UJT They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. ....
Meanwhile, it witnessed a group revenue dip of 68.1% to SG$75.2 million. Moving forward, mm2 Asia plans to expand into non-Chinese content markets such as Thailand. ....
February 04, 2021 Pexels Strong pipeline of movie releases and streaming content will drive post-Covid-19 recovery 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. ....