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mm2's Cathay Cineplexes owes rent of more than $2.68 million, mulls restructuring

The Edge Singapore
The Edge Singapore  • 1 min read
mm2's Cathay Cineplexes owes rent of more than $2.68 million, mulls restructuring
Frasers Centrepoint Trust, which owns Causeway Point, is owed some $2.2 million
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mm2 Asia says its associated company Cathay Cineplexes owes rent of more than $2.68 million to various landlords including Frasers Centrepoint Trust (SGX:J69U) .

According to mm2 Asia (SGX:1B0) , Cathay Cineplexes on Feb 3 and Feb 10 received letters of demand for a total amount of $2.2 million due FCT, which owns Causeway Point.

Separately, Cathay on Feb 10 received similar letters of demand for a total sum of just over $480,000 for rent in arrears at Century Square.

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