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Company in the news
Entertainment company mm2 Asia expands offerings to non-Chinese content with Malaysian JV
executive chairman Melvin Ang plans to begin with Malaysia and Indonesia before including other regional non-Chinese languages.
November 22, 2023
Company in the news
Is mm2 Asia's turnaround in sight as Oei and Goi step up?
Minority shareholders might sit out this rights issue as investor fatigue could have already set in
October 05, 2023
Equity raising
Tycoons Oei and Goi back mm2 Asia's 1-for-2 rights issue
mmLive, mm2's subsidiary, separately announced plans to raise $18 million by issue convertible debt securities
September 30, 2023
Deals, joint ventures & alliances
mm2 Asia’s concert arm deepens partnership with Unipact HK to create the largest live entertainment presence in Asia
The bonds may be exchanged by mmLive for a total investment of HK$19 million and into 5% of the total number of shares in Unipact.
September 07, 2023
Global Markets
Some gigs are hotter than others
This is why I will still keep my portfolio more at and closer to home
June 28, 2023
IPO
NoonTalk shouts out Singapore with IPO, joins sluggish listed media companies
For FY2023 and FY2024, NoonTalk’s directors plan to distribute dividends of at least 20% of earnings to shareholders.
December 22, 2022
Results
mm2 Asia narrows 1HFY2023 losses by 52.7% to $5.4 mil
With the economy reopening, mm2 is on its way towards a recovery.
November 15, 2022
Broker's Calls
With cinemas reopened to all, UOBKH stays 'buy' on mm2 Asia but cuts TP
“We believe mm2’s earnings will experience an upward trend in FY2023 ending March 2023.”
October 13, 2022
Equity raising
mm2 Asia confirms plans to raise $54 million with bond issue to UOB Kay Hian
mm2 Asia may still explore the potential IPO of the cinema business with a valuation of at least $150 million
September 25, 2022
Singapore economy
Bring the noise: Are investors still in tune with entertainment stocks?
Live concerts are back with a vengeance. Will it be enough to get investors interested in entertainment stocks again?
September 15, 2022