mm2 Asia

SINGAPORE (Aug 10): mm2 Asia today announced that it has received the full deposit of $8 million from Village Cinema Australia following its last announcement that the acquisition of Golden Village Cinema business in Singapore had not been completed.

SINGAPORE (July 25): UnUsUaL Limited has announced that Justin Bieber will no longer be performing at Singapore’s National Stadium on Oct 7 as planned.  

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

SINGAPORE (July 20): DBS is maintaining its “buy” call on mm2 Asia with a higher target price of 75 cents based after accounting for Golden Village acquisition and expected margin improvement.

SINGAPORE (June 30): StarHub has agreed to subscribe to 87.7 million new shares in mm2 Asia at 57 cents each, which amounts to about $15 million in total, for strategic investment purposes.

SINGAPORE (June 21): mm2 Asia announced Wednesday that it has obtained the approval in-principle from Singapore Exchange (SGX) to transfer the company’s listing from the Catalist Board to the SGX Mainboard.

SINGAPORE (June 15): CIMB is keeping its “add” rating on mm2 Asia and raising its target price to 72 cents, from 65 cents previously, on the back of higher earnings per share (EPS) forecasts.

SINGAPORE (June 15): mm2 Asia, the producer of movies and TV and online content, is selling 87.7 million shares at 57 cents in a private placement to raise net proceeds of $49 million.

SINGAPORE (June 13): mm2 Asia has entered into an agreement to acquire Village Cinemas Australia’s entire stake in Dartina Development for $184.3 million.

SINGAPORE (May 24): DBS Vickers is maintaining its “buy” call on mm2 Asia with 70 cents target price on a strong set of FY17 results.