Business Times

mm2 Asia faces S$17.6 million in claims but says it can continue as a going concern

[SINGAPORE] In a bourse filing on Monday (Aug 4), Cathay Cineplexes owner mm2 Asia said it has received eight letters of demand for a total of S$17.6 million outstanding, but can continue as a going ...
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 ...
Business Times

Another Malaysian unit of mm2 Asia receives RM1.5 million payment demand

[SINGAPORE] A Malaysian subsidiary of entertainment group mm2 Asia received a payment demand for the sum of RM1.5 million (S$444,031) from film distributor Antenna Entertainments, said the company in ...
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 ...