Variety

MM2’s Singapore Cinema Sale Collapses as Investor Blames Omicron Impact

Mini-conglomerate mm2 Asia says that a deal to sell its Singapore cinemas business has fallen through. The deal was announced in August and should have been completed by Dec. 31, 2021. “Omicron ...
Asia One

Mm2 Asia considering closing Cathay Cineplexes amid millions of dollars in debt

Mired in millions of dollars in debt, Cathay Cineplexes' parent company mm2 Asia said on Thursday (July 17) that it is considering closing its cinema business. CNA reported that winding up one of ...
The Straits Times

mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect its core businesses

is not expected to adversely impact its core businesses or continuing operations. Instead, liquidating the struggling cinema chain may improve the group’s overall cash flow and profitability, given ...
Variety

Singapore’s MM2 Asia Agrees Loss-Making Sale of Cathay Cinema Chain

Singaporean entertainment mini-conglomerate mm2 Asia has finalized terms for the sale of Cathay Cineplexes, the country’s third largest cinema chain. The cinema exhibition sector has been badly hurt ...
The Straits Times

Cathay Cineplexes operator mm2 Asia to raise funds for debt repayment via proposed share placement

SINGAPORE – Media company mm2 Asia, which operates the Cathay Cineplexes cinema chain, has proposed the placement of 1,875 million shares at a minimum of 0.8 cent per share, to raise funds for debt ...