mm2 Asia says proposed acquisition of 50% in Dartina has lapsed

SINGAPORE (July 24): mm2 Asia says the proposed acquisition of the entire 50% stake in Dartina from Village Cinemas Australia has lapsed.

See: mm2 Asia to acquire 50% stake in Golden Village Cinema business in Singapore for $184 mil

This was because the seller did not procure approval from Golden Screen, the holder of the other 50% shares in Dartina, as required under the sale and purchase agreement, by the scheduled completion date of July 21.

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