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mm2 Asia Ltd. ( (SG:1B0) ) has shared an update.
mm2 Asia Ltd. has announced the appointment of provisional liquidators for its associated company, Cathay Cineplexes Pte. Ltd. (CCPL), due to unresolved financial obligations and unsuccessful restructuring negotiations with creditors. The decision to proceed with a creditors’ voluntary liquidation reflects CCPL’s inability to continue as a going concern, impacting its operations and stakeholders. Meetings for CCPL’s members and creditors will be convened to discuss the liquidation process.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a company incorporated in Singapore, operating in the entertainment industry. It is involved in media content production and distribution, with a focus on film and television content across Asia.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$26.14M
Find detailed analytics on 1B0 stock on TipRanks’ Stock Analysis page.