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An announcement from mm2 Asia Ltd. ( (SG:1B0) ) is now available.
mm2 Asia Ltd. announced that its subsidiary, MM2 Screen Management Sdn. Bhd., has received a Writ of Summons and Statement of Claim from Antenna Entertainments Sdn. Bhd. The claim, filed in the High Court of Malaya, seeks payment of RM1,259,609.71 related to film distribution agreements, along with interest and legal costs. The subsidiary is currently seeking legal advice and intends to respond accordingly. The company advises shareholders and investors to exercise caution and consult professionals regarding their shares.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a company based in Singapore that operates in the entertainment industry, focusing on film distribution and related services through its subsidiaries.
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.