UnUsUal Group

UnUsUal’s core business is finally operational after a long period of stasis due to Covid-19.

Concert promotion and event production group UnUsUaL reported a 52.3% drop in net profit to $6.3 million for FY20 ended March 31, from $13.2 million a year ago.

“The long term demand for concerts will continue to rise after the virus outbreak settles,” says RHB analyst Jarick Seet.

SINGAPORE (Apr 16): mm2 Asia has sold a total of $25.8 million worth of shares in UnUsUaL to Prince Abdul Qawi of Brunei and R3 Asian Gems.

SINGAPORE (Nov 3): mm2 announced that earnings for 2Q17 more than doubled to $4.6 million compared to $2.0 million in 2Q16.

SINGAPORE (July 12): After staging concerts in Singapore for the past two decades, the city-state’s best-performing initial public offering this year is taking its entertainment on the road.

SINGAPORE (March 20): mm2 Asia announced Monday that it has lodged the preliminary offer document in relation to the proposed listing its subsidiary, UnUsUaL Group, on the Catalist board.

SINGAPORE (March 8): mm2 Asia announced that its subsidiary UnUsUaL Group intends to lodge its preliminary offer document with the Singapore Exchange following the extraordinary general meeting (EGM).

SINGAPORE (Oct 17): mm2 Asia has entered into a non-binding MOU with holding company Mozat Pte Ltd to acquire up to 30% stake in RINGS.TV for $4.5 million over 12 months after the binding investment agreement.

SINGAPORE (June 13): DBS Research is maintaining its ‘buy’ recommendation for mm2 Asia, with a target price of 75 cents.