TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
mm2 Asia Ltd. ( (SG:1B0) ) just unveiled an update.
mm2 Asia Ltd. announced that its subsidiary, MM2 Star Screen Sdn. Bhd., has received a Writ of Summons and Statement of Claim from Antenna Entertainments Sdn. Bhd. in the High Court of Malaya. The claim involves a demand for payment of RM1,456,843.75 related to film distribution agreements, along with interest and legal costs. The board of MM2 Star Screen is currently seeking legal advice and intends to address the matter accordingly. The company advises shareholders and potential investors to exercise caution and consult professionals regarding their shares.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a Singapore-incorporated company operating in the entertainment industry, primarily focusing on film production and distribution. The company, along with its subsidiaries, is involved in various aspects of media and entertainment, catering to a diverse market audience.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$19.61M
For an in-depth examination of 1B0 stock, go to TipRanks’ Overview page.