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mm2 Asia Ltd. ( (SG:1B0) ) has provided an announcement.
mm2 Asia Ltd. has received a Termination and Demand Notice from HPE Facilities Services (Malaysia) Sdn. Bhd., terminating business lease agreements with its subsidiary MM2 Screen Management Sdn. Bhd. and demanding payment of RM604,741.65 for outstanding lease payments. The company is seeking legal advice and advises shareholders and investors to exercise caution with their securities.
The most recent analyst rating on (SG:1B0) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on mm2 Asia Ltd. stock, see the SG:1B0 Stock Forecast page.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a company incorporated in Singapore, operating in the entertainment industry. It is involved in the production, distribution, and exhibition of films and television content, with a focus on the Asian market.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$19.61M
For a thorough assessment of 1B0 stock, go to TipRanks’ Stock Analysis page.