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mm2 Asia Ltd. ( (SG:1B0) ) just unveiled an update.
mm2 Asia’s subsidiary, mm2 Entertainment Pte. Ltd., has received a letter of demand from Ace Financial Services Pte Ltd. alleging non-payment of S$200,000 plus interest and legal costs under a 2022 facility agreement, with a seven-day deadline before potential legal proceedings. The company and the board of the subsidiary are seeking legal advice, reserving all rights and cautioning shareholders and potential investors to exercise care in dealing with the company’s securities while awaiting further updates, underscoring short-term uncertainty around its financial obligations and potential litigation exposure.
The most recent analyst rating on (SG:1B0) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on mm2 Asia Ltd. stock, see the SG:1B0 Stock Forecast page.
More about mm2 Asia Ltd.
mm2 Asia Ltd., incorporated in Singapore, operates through subsidiaries such as mm2 Entertainment Pte. Ltd. in the media and entertainment sector, focusing on content production and related entertainment services across the region.
Technical Sentiment Signal: Sell
Current Market Cap: S$19.61M
See more data about 1B0 stock on TipRanks’ Stock Analysis page.