After months of closures at cinemas island-wide and multiple delays holding back production of even Hollywood blockbusters, mm2 Asia’s founder and executive chairman Melvin Ang is simply asking shareholders for more time. “It’s been a challenging year, not only for our sector but many others as well. I really urge our shareholders to give us a bit of time. We are working very hard to make things happen,” pleads Ang in an interview with The Edge Singapore.

Ang says an outbreak of a communicable disease has been his “biggest fear” since mm2 Asia moved beyond content production with the acquisition of movie theatres, supposedly to form an integrated industry chain. “When we acquired Cathay Cineplexes, analysts told us we went from an asset-light business to an asset-heavy business … Today, it has happened,” says Ang.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook