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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.
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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.

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