SINGAPORE (Mar 1): In a few short years since going public, mm2 Asia now owns a chain of cinemas, a concert organiser, a visual effects studio and an online video platform.

But some investors have lost faith in mm2 ever since the company failed to buy a 50% stake in the local cinema business of Golden Village.

Instead of Golden Village, the largest cinema chain in Singapore with a 39% market share, mm2 had to settle for the acquisition of the Singapore operations of Cathay Cineplexes, which had a 27% market share.

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