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The latest update is out from mm2 Asia Ltd. ( (SG:1B0) ).
mm2 Asia Ltd. has received a statutory demand from SingLand West Mall Pte. Ltd. for an outstanding payment of S$794,393.01, which includes rental, service charges, and associated costs. The company has three weeks to address the demand, failing which it may be deemed unable to pay its debts under Singapore’s Insolvency, Restructuring and Dissolution Act 2018. The Board is seeking legal advice and will update stakeholders on any significant developments.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a Singapore-based company involved in the media and entertainment industry, focusing on content creation, distribution, and cinema operations.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$19.61M
Learn more about 1B0 stock on TipRanks’ Stock Analysis page.