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Why mm2 Asia remains a golden ‘buy’ even without cinema deal

Michelle Zhu
Michelle Zhu8/14/2017 03:15 PM GMT+08  • 2 min read
Why mm2 Asia remains a golden ‘buy’ even without cinema deal
SINGAPORE (Aug 14): DBS is reiterating its “buy” call on mm2 Asia after lowering its target price estimate on the stock to 60 cents from 75 cents previously to account for share dilution post its equity fundraising exercise, as well as the cancellatio
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SINGAPORE (Aug 14): DBS is reiterating its “buy” call on mm2 Asia after lowering its target price estimate on the stock to 60 cents from 75 cents previously to account for share dilution post its equity fundraising exercise, as well as the cancellation of its Golden Village cinema chain acquisition.

To recap, the entertainment group had previously called off its proposed acquisition of the Golden Village (GV) cinema business in Singapore via Village Cinema Australia’s stake in Dartina Development.


See: mm2 Asia refunded $8 mil deposit for Golden Village Cinema business acquisition

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