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mm2 Asia Ltd. ( (SG:1B0) ) has issued an update.
mm2 Asia Ltd. has announced the appointment of an interim liquidator and the voluntary winding up of its associated companies, MM2 Star Screen Sdn. Bhd. and MM2 Screen Management Sdn. Bhd., due to unsuccessful negotiations with creditors and an unsustainable financial position. This decision reflects the company’s strategic move to address financial challenges within these subsidiaries, potentially impacting its operations and stakeholder interests.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a company incorporated in Singapore, operating within the media and entertainment industry. It is involved in the production, distribution, and exhibition of films and television content across Asia.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$13.07M
See more insights into 1B0 stock on TipRanks’ Stock Analysis page.