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Is there a silver lining to the silver screen?

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam • 4 min read
Is there a silver lining to the silver screen?
Deep fall in cinema operator stock prices could be a blockbuster opportunity, says our columnist Nirgunan Tiruchelvam.
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Harry Houdini was an American entertainer in the 1890s who was famous for defying death. Houdini performed all over America. Audiences were transfixed by his escape acts. He was short but powerfully built.

One stunt was popular. He was buried alive, but managed to claw back to the surface. Houdini’s strength came in handy.

This week saw a Houdini act in the cinema business. mm2 Asia, which owns the Cathay cinema chain in Singapore and mmCineplexes chain in Malaysia, is looking to spin off its cinema business. mm2 Asia, which listed on the Catalist back in 2014, upgraded to the Mainboard in 2017. It runs 64 screens in Singapore, with a total of 11,364 seats. It also runs 133 screens in Malaysia.

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