mm2 Asia

The great crypto pivot - THE EDGE SINGAPORE

Cryptocurrency

The great crypto pivot

With their existing businesses coming under strain, SGX-listed companies are pursuing opportunities in the digital assets space

Cryptocurrency

mm2 to launch new NFT marketplace for licensed digital entertainment tokens and collectibles

The new marketplace will offer fans an opportunity to engage and take part in their favourite content in the form of NFTs.
mm2's agreement relating to proposed merger with Golden Village cinemas has lapsed - THE EDGE SINGAPORE

Company in the news

mm2's agreement relating to proposed merger with Golden Village cinemas has lapsed

This comes after one or more conditions under the agreement were not fulfilled by the stipulated date of Dec 31, 2021.
Sale of mm2 Asia's cinema business to Kingsmead on hold - THE EDGE SINGAPORE

Company in the news

Sale of mm2 Asia's cinema business to Kingsmead on hold

Kingsmead has opted to exchange the $6 million deposit for the execution of the term sheet for 75 million shares in mm2 Asia.
Is it curtains for the cinema business? - THE EDGE SINGAPORE

Covid-19

Is it curtains for the cinema business?

Facing anaemic ticket sales and fierce competition from streaming services, is it curtains for the industry?

Company in the news

mm2 Asia confirms sale of controlling stake of cinema business at a loss of $84.7 mil

Back in 2017, mm2 paid $230 million for Cathay Cinema, which operated eight cinemas in Singapore.
mm2 Asia receives offer for cinema business - THE EDGE SINGAPORE

Offer

mm2 Asia receives offer for cinema business

The offer values mm2 Asia’s cinema business at between $80 million to $120 million.
Shares in mm2 Asia plunge 16% after 'material uncertainty' - THE EDGE SINGAPORE

Company in the news

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.
Broker's Digest: UOB, UOL Group, Koufu, Raffles Medical Group, mm2 Asia - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: UOB, UOL Group, Koufu, Raffles Medical Group, mm2 Asia

See the analysts' recommendations and target prices here.
'Buy' mm2 Asia despite FY21 net loss, profits expected by FY23: UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

'Buy' mm2 Asia despite FY21 net loss, profits expected by FY23: UOB Kay Hian

mm2 Asia reported a FY2021 ended March 31, 2021 core net loss (excluding impairments and other fair value loss) of $44.3 million.
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