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mm2 Asia Ltd. ( (SG:1B0) ) has shared an announcement.
mm2 Asia Ltd. has received a statutory demand from Linkwasha Holdings Pte. Ltd. for an outstanding loan of S$7,550,500 related to its acquisition of Cathay Cineplexes. Despite the challenges of the COVID-19 pandemic, mm2 Asia has been making repayments and is now seeking legal advice and exploring fundraising options to address this financial obligation.
More about mm2 Asia Ltd.
mm2 Asia Ltd., incorporated in Singapore, operates in the entertainment industry, focusing on cinema businesses and related services. The company had acquired Cathay Cineplexes in 2017, expanding its market presence in the cinema sector.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$52.29M
For a thorough assessment of 1B0 stock, go to TipRanks’ Stock Analysis page.