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mm2 Asia Ltd. ( (SG:1B0) ) has shared an update.
MM2 Asia Ltd. has entered into a non-binding memorandum of understanding with Mr. Tan Boon Seng regarding proposed amendments to the terms of its S$54 million exchangeable bonds issued in December 2022. The proposed changes include extending the maturity date of the bonds by six years to December 2031, which could impact the company’s financial strategy and stakeholder interests, particularly in terms of board representation and share exchangeability with mm Connect Pte. Ltd.
More about mm2 Asia Ltd.
MM2 Asia Ltd. is a Singapore-based company involved in the media and entertainment industry. The company, along with its subsidiaries, focuses on producing, distributing, and promoting films, television, and online content across Asia.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$45.75M
See more data about 1B0 stock on TipRanks’ Stock Analysis page.