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An announcement from mm2 Asia Ltd. ( (SG:1B0) ) is now available.
mm2 Asia Ltd. has disclosed that its subsidiary mmLive Pte. Ltd. received a statutory demand on 23 December 2025 from solicitors acting for an individual creditor, Mr. Yi Xianhuang, seeking payment of an outstanding sum of S$18.9 million under Singapore’s Insolvency, Restructuring and Dissolution Act 2018. If mmLive fails to pay, secure, or otherwise satisfy this amount within three weeks of service, it may be deemed unable to pay its debts, raising potential insolvency implications for the subsidiary and heightening financial and legal risks for the group. The boards of mm2 Asia and mmLive are currently seeking legal advice and have cautioned shareholders and potential investors to exercise care when dealing in the company’s securities while reserving all their rights and promising further updates on material developments.
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, is an investment holding company with a portfolio of subsidiaries such as mmLive Pte. Ltd., and operates across media and entertainment-related businesses in the region.
YTD Price Performance: -28.57%
Technical Sentiment Signal: Sell
Current Market Cap: S$19.61M
Find detailed analytics on 1B0 stock on TipRanks’ Stock Analysis page.