Business Times

Banks and landlords are pounding on the door. Can mm2 Asia survive the siege?

[SINGAPORE] Mired in debt and facing insolvency, mm2 Asia is experiencing its annus horribilis. This year, its iconic Cathay Cinexplexes unit shuttered under millions of dollars in debt; and now, the ...
Variety

Singapore’s MM2 Poised to Buy Animation Firm Vividthree

MM2 Asia, the Singapore film producer and distributor that recently listed on the local stock exchange, is in advanced talk to make its first post-IPO acquisition. The company said that it has signed ...
The Straits Times

StanChart demands payment from former Cathay Cineplexes operator mm2 Asia over $905,000 debt

SINGAPORE - Standard Chartered Bank has issued letters of demand to mm2 Asia and its two associated companies – mm Connect and Cathay Cineplexes – seeking repayment of $905,582.87 by Oct 23. The ...
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 ...