Just a week after announcing a possible spin off separate listing of its cinema business, entertainment company mm2 Asia is in talks to merge this business, operating mainly under the Cathay brand, with competitor Golden Village.

As part of the deal, the parties aim to bring in new investors to help beef up the combined entity, which is going to be the largest cinema operator in town.

Mm2 Asia now runs 8 Cathay cinemas in Singapore, and 14 in Malaysia. The potential merger partner, Hong Kong listed Orange Sky Golden Harvest Entertainment (Holdings), runs another 14 cinemas under the Golden Village brand in Singapore. The Hong Kong company, previously known as "Golden Harvest" runs a total of 35 cinemas with 285 screens in Hong Kong, Taiwan and Singapore

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