Cathay Cineplexes

This comes after one or more conditions under the agreement were not fulfilled by the stipulated date of Dec 31, 2021.

Proposed actions include a spin-off and listing of its cinema business and a possible merger with Golden Village cinemas.

mm2 Asia expects the cinemas to be financially-independent with the separate listing

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.

SINGAPORE (Aug 14): mm2 Asia reported 1Q19 earnings increased by 13.2% to $7.25 million, compared to $6.40 million in 1Q18.

SINGAPORE (May 30): DBS Vickers Securities is reiterating its “buy” call on mm2 Asia, but with a lower target price of 70 cents compared to 75 cents previously after implementing a downward valuation PEG adjustment for the group, in line with peers.

SINGAPORE (Nov 7): CIMB is positive on mm2 Asia’s proposed acquisition of Cathay Cineplexes, which it believes will give the entertainment group a strong foothold in Singapore and enhanced bargaining power with suppliers in the industry.

SINGAPORE (Nov 2): mm2 Asia has entered into an option agreement with Cathay Organisation for the purchase of 100% of Cathay Cineplexes.