The partnership, which will make mmLive a shareholder in Unipact over time, means both parties will have access to the most comprehensive artiste line-up and market coverage spanning Singapore, Malaysia, Hong Kong, Taipei, China and Southeast Asia, says mm2 Asia.
mm2 Asia’s (SGX:1B0
) concert arm, mmLive, has signed a subscription agreement with Unipact HK for exchangeable bonds valued at HK$19 million ($3.3 million).
The bonds issued by Unipact may be exchanged by mmLive for a total investment of HK$19 million and into 5% of the total number of shares in Unipact.
