Home News Company in the news

Shares in mm2 Asia plunge 16% after 'material uncertainty'

Felicia Tan
Felicia Tan7/14/2021 9:59 AM GMT+08  • 1 min read
Shares in mm2 Asia plunge 16% after 'material uncertainty'
As at March 31, mm2 Asia says its current liabilities have exceeded its current assets by $119.5 million.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Shares in mm2 Asia dropped by 12.3% to 7.1 cents at market open on July 14 from its 8.1-cent close on July 13.

As at 9.52am, some 88 million shares in the entertainment company changed hands, making it the highest traded counter on July 14 so far.

The share price and volume movements come as mm2 Asia noted that there were “material adjustments” between the audited and unaudited financial statements for the FY2021 ended March.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.