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mm2 Asia Ltd. ( (SG:1B0) ) has shared an update.
Cathay Cineplexes Pte. Ltd., an associated company of mm2 Asia Ltd., has received letters of demand from landlords for unpaid rent and legal costs totaling over S$2.6 million. The board is actively engaging with the landlords to resolve the issue while seeking legal advice on potential restructuring options to minimize business disruption.
More about mm2 Asia Ltd.
mm2 Asia Ltd. is a company incorporated in Singapore, primarily involved in the media and entertainment industry. The company operates through its subsidiaries, with a focus on cinema operations, film production, and content distribution.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €55.97M
For a thorough assessment of 1B0 stock, go to TipRanks’ Stock Analysis page.