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Latest Forum Topics / MM2 Asia    Last:0.003 --  Post Reply
MM2 Asia [1B0.si]
kepoh88
Veteran
10-Sep-2025 21:17     
 
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 Alert Admin 		Dont let Popiah leech dump to you.
 
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treetops
Elite
10-Sep-2025 19:39     
 
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Yells: "Moments Today, Memories Tomorrow!"
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 Alert Admin 		Gone case. Better stay away.

vicloo      ( Date: 10-Sep-2025 19:12) Posted:

Singapore doesnt have chapter 11, go straight to bankruptcy like Hyflux.

Volmax      ( Date: 10-Sep-2025 18:57) Posted:


Where To Find Money Now, Sell Shares No Taker!

Placement At 8 Also No Taker!

Billionaires Also Run Road, Now Tiam Tiam!

More Creditors Jamming The Escape Door!

Is Chapter 11 On The Card Now??

sad
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vicloo
Supreme
10-Sep-2025 19:12     
 
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 Alert Admin 		Singapore doesnt have chapter 11, go straight to bankruptcy like Hyflux.

Volmax      ( Date: 10-Sep-2025 18:57) Posted:


Where To Find Money Now, Sell Shares No Taker!

Placement At 8 Also No Taker!

Billionaires Also Run Road, Now Tiam Tiam!

More Creditors Jamming The Escape Door!

Is Chapter 11 On The Card Now??

sad
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Volmax
Elite
10-Sep-2025 18:57     
 
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 Alert Admin
Where To Find Money Now, Sell Shares No Taker!

Placement At 8 Also No Taker!

Billionaires Also Run Road, Now Tiam Tiam!

More Creditors Jamming The Escape Door!

Is Chapter 11 On The Card Now??

sad
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vicloo
Supreme
10-Sep-2025 18:44     
 
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 Alert Admin 		True, 3 billionaire probably cut losses already.

tongphlp      ( Date: 10-Sep-2025 12:02) Posted:

need to cut whatever losses....however painful...gone for good mm2

 

Joelton      ( Date: 10-Sep-2025 11:29) Posted:

mm2 Asia cancels proposed disposal of shares in Vividthree
mm2 Asia has terminated an agreement to dispose of 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on Sept 8.
 
Both parties have mutually agreed to terminate the sale and purchase agreement previously entered into in May due to mm2&rsquo s &ldquo current circumstances&rdquo and the recent market volatility.
 
&ldquo The parties are of the view that the mutual termination is in their respective best interests&rdquo .
 
While mm2 Asia has incurred professional fees and other expenses in relation to the proposed disposal, the termination is not expected to have any material impact on its financial performance for the financial year ending March 31, 2026.
 
On Sept 1, mm2 announced that it will wind up its cinema subsidiary Cathay Cineplexes. The cinema chain owes rent and other money to seven creditors, mainly landlords where it operates.
 
On Sept 3 and 5, mm2 announced that it received letters of demand from Walt Disney and Antenna Entertainments for payments due. According to the Sept 3 bourse filing, mm2 owes Walt Disney (Southeast Asia) RM558,193 ($170,820.06) for film license fees and Walt Disney (Malaysia)RM670,318.57 for the same. According to the Sept 5 filing, mm2 owes RM1.3 million to Antenna for film distribution agreements.
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tongphlp
Supreme
10-Sep-2025 13:17     
 
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 Alert Admin 		not sure who initiated the cancellation...could be buyer backing out? we never know

Joelton      ( Date: 10-Sep-2025 11:29) Posted:

mm2 Asia cancels proposed disposal of shares in Vividthree
mm2 Asia has terminated an agreement to dispose of 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on Sept 8.
 
Both parties have mutually agreed to terminate the sale and purchase agreement previously entered into in May due to mm2&rsquo s &ldquo current circumstances&rdquo and the recent market volatility.
 
&ldquo The parties are of the view that the mutual termination is in their respective best interests&rdquo .
 
While mm2 Asia has incurred professional fees and other expenses in relation to the proposed disposal, the termination is not expected to have any material impact on its financial performance for the financial year ending March 31, 2026.
 
On Sept 1, mm2 announced that it will wind up its cinema subsidiary Cathay Cineplexes. The cinema chain owes rent and other money to seven creditors, mainly landlords where it operates.
 
On Sept 3 and 5, mm2 announced that it received letters of demand from Walt Disney and Antenna Entertainments for payments due. According to the Sept 3 bourse filing, mm2 owes Walt Disney (Southeast Asia) RM558,193 ($170,820.06) for film license fees and Walt Disney (Malaysia)RM670,318.57 for the same. According to the Sept 5 filing, mm2 owes RM1.3 million to Antenna for film distribution agreements.
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tongphlp
Supreme
10-Sep-2025 13:13     
 
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 Alert Admin 		may be other reaons that investors r not aware of and would never be...
 

Joelton      ( Date: 10-Sep-2025 11:29) Posted:

mm2 Asia cancels proposed disposal of shares in Vividthree
mm2 Asia has terminated an agreement to dispose of 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on Sept 8.
 
Both parties have mutually agreed to terminate the sale and purchase agreement previously entered into in May due to mm2&rsquo s &ldquo current circumstances&rdquo and the recent market volatility.
 
&ldquo The parties are of the view that the mutual termination is in their respective best interests&rdquo .
 
While mm2 Asia has incurred professional fees and other expenses in relation to the proposed disposal, the termination is not expected to have any material impact on its financial performance for the financial year ending March 31, 2026.
 
On Sept 1, mm2 announced that it will wind up its cinema subsidiary Cathay Cineplexes. The cinema chain owes rent and other money to seven creditors, mainly landlords where it operates.
 
On Sept 3 and 5, mm2 announced that it received letters of demand from Walt Disney and Antenna Entertainments for payments due. According to the Sept 3 bourse filing, mm2 owes Walt Disney (Southeast Asia) RM558,193 ($170,820.06) for film license fees and Walt Disney (Malaysia)RM670,318.57 for the same. According to the Sept 5 filing, mm2 owes RM1.3 million to Antenna for film distribution agreements.
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tongphlp
Supreme
10-Sep-2025 12:02     
 
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 Alert Admin 		need to cut whatever losses....however painful...gone for good mm2

 

Joelton      ( Date: 10-Sep-2025 11:29) Posted:

mm2 Asia cancels proposed disposal of shares in Vividthree
mm2 Asia has terminated an agreement to dispose of 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on Sept 8.
 
Both parties have mutually agreed to terminate the sale and purchase agreement previously entered into in May due to mm2&rsquo s &ldquo current circumstances&rdquo and the recent market volatility.
 
&ldquo The parties are of the view that the mutual termination is in their respective best interests&rdquo .
 
While mm2 Asia has incurred professional fees and other expenses in relation to the proposed disposal, the termination is not expected to have any material impact on its financial performance for the financial year ending March 31, 2026.
 
On Sept 1, mm2 announced that it will wind up its cinema subsidiary Cathay Cineplexes. The cinema chain owes rent and other money to seven creditors, mainly landlords where it operates.
 
On Sept 3 and 5, mm2 announced that it received letters of demand from Walt Disney and Antenna Entertainments for payments due. According to the Sept 3 bourse filing, mm2 owes Walt Disney (Southeast Asia) RM558,193 ($170,820.06) for film license fees and Walt Disney (Malaysia)RM670,318.57 for the same. According to the Sept 5 filing, mm2 owes RM1.3 million to Antenna for film distribution agreements.
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Joelton
Supreme
10-Sep-2025 11:29     
 
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mm2 Asia cancels proposed disposal of shares in Vividthree
mm2 Asia has terminated an agreement to dispose of 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on Sept 8.
 
Both parties have mutually agreed to terminate the sale and purchase agreement previously entered into in May due to mm2&rsquo s &ldquo current circumstances&rdquo and the recent market volatility.
 
&ldquo The parties are of the view that the mutual termination is in their respective best interests&rdquo .
 
While mm2 Asia has incurred professional fees and other expenses in relation to the proposed disposal, the termination is not expected to have any material impact on its financial performance for the financial year ending March 31, 2026.
 
On Sept 1, mm2 announced that it will wind up its cinema subsidiary Cathay Cineplexes. The cinema chain owes rent and other money to seven creditors, mainly landlords where it operates.
 
On Sept 3 and 5, mm2 announced that it received letters of demand from Walt Disney and Antenna Entertainments for payments due. According to the Sept 3 bourse filing, mm2 owes Walt Disney (Southeast Asia) RM558,193 ($170,820.06) for film license fees and Walt Disney (Malaysia)RM670,318.57 for the same. According to the Sept 5 filing, mm2 owes RM1.3 million to Antenna for film distribution agreements.
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tongphlp
Supreme
05-Sep-2025 10:06     
 
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 Alert Admin 		mati mati 2

newbie1118      ( Date: 04-Sep-2025 15:46) Posted:

The last time I trade this was on Aug 2022 at 0.052 cut lost at 0.050. 

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newbie1118
Master
04-Sep-2025 15:46     
 
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 Alert Admin 		The last time I trade this was on Aug 2022 at 0.052 cut lost at 0.050. 
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tongphlp
Supreme
04-Sep-2025 14:40     
 
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 Alert Admin 		what a joke....they can say what they like to say...investors are not fools and can judge for themselves..

Joelton      ( Date: 04-Sep-2025 11:48) Posted:

mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect operations
Separately, two of the group&rsquo s Malaysian subsidiaries receive letters of demand from Disney for RM1.2 million in film licence fees
 
[SINGAPORE] Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations. 
 
Instead, liquidating the struggling cinema chain may improve the group&rsquo s overall cash flow and profitability, given that Cathay has been cash-flow negative and loss-making since the pandemic, said mm2. 
 
This was in response to queries raised by the Singapore Exchange regarding the creditors&rsquo voluntary liquidation of Cathay, which was announced earlier this week. Shortly after, the cinema chain &ndash which owes money to the landlords of several of its outlets &ndash ceased operations. 
 
In a bourse filing on Wednesday night, mm2 explained that Cathay&rsquo s weak financial performance was already consolidated and publicly disclosed. 
 
Its core content business continued to perform strongly, contributing S$109.8 million in revenue in FY2025, the group noted. Earnings before interest, taxes, depreciation and amortisation came in at S$24.7 million, supported by diversified demand across Singapore, China, Taiwan, Hong Kong and Malaysia. 
 
The mainboard-listed company added that it has had &ldquo positive negotiations and ongoing engagement&rdquo with creditors, including on the deferral of its exchangeable bonds&rsquo maturity date. 
It is also well-positioned to capture &ldquo expected continued growth&rdquo in the event and concert segment, despite the net loss it registered in FY2025, thanks to its strategic stake in live event and concert organiser UnUsUal. 
 
Fundraising initiatives, including a proposed placement of nearly 1.9 billion new shares, are under way as well, said mm2. In July, the group proposed placing the shares at a minimum of S$0.008 apiece, to raise funds for debt repayment and working capital. 
 
If the shares are fully subscribed at the minimum price, mm2 will raise S$14 million in net proceeds. Of this, S$7.5 million will be used to repay debt and liabilities, with the remaining used for general working capital. 
 
The group said that since Cathay&rsquo s liquidation does not constitute a material adverse change under the placement agreement, it will remain valid. 
 
However, the proposed placement is non-underwritten, and is being undertaken on a best-endeavour basis, mm2 said. Its completion will be dependent on various factors, including, but not limited to, the conditions precedent under the placement agreement, and the placement agent&rsquo s bookbuilding exercise. 
 
The cut-off date for the satisfaction of these conditions is Sep 30.  
 
In view of its circumstances, mm2 has appointed a chief restructuring officer to work with management and the board on overall strategic and financial plans. The proposed placement will remain a key component of that, the group said. 
 
&ldquo (But) it is likely that the timeline of the proposed placement will be delayed to accommodate the development of the strategic and financial plans.&rdquo
 
Fees owed to Disney
In a separate bourse filing on Wednesday, mm2 said two of its subsidiaries in Malaysia have received letters of demand from Disney, for payment of around RM1.2 million (S$374,711) in total. 
 
The sum is allegedly for film licence fees owed since November 2023 for movie screenings in Malaysia. 
 
Consequently, the two subsidiaries &ndash mm2 Star Screen and mm2 Screen Management &ndash have not screened Disney films since June 2024. 
 
The boards of mm2 and the subsidiaries are reviewing the letters and seeking legal advice. They intend to &ldquo actively engage&rdquo with Disney to resolve the matter. 

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Ximi88
Member
04-Sep-2025 12:17     
 
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 Alert Admin 		It has a revenue of S$109m but is unable to pay $374K owed to Disney Malaysia?

Joelton      ( Date: 04-Sep-2025 11:48) Posted:

mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect operations
Separately, two of the group&rsquo s Malaysian subsidiaries receive letters of demand from Disney for RM1.2 million in film licence fees
 
[SINGAPORE] Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations. 
 
Instead, liquidating the struggling cinema chain may improve the group&rsquo s overall cash flow and profitability, given that Cathay has been cash-flow negative and loss-making since the pandemic, said mm2. 
 
This was in response to queries raised by the Singapore Exchange regarding the creditors&rsquo voluntary liquidation of Cathay, which was announced earlier this week. Shortly after, the cinema chain &ndash which owes money to the landlords of several of its outlets &ndash ceased operations. 
 
In a bourse filing on Wednesday night, mm2 explained that Cathay&rsquo s weak financial performance was already consolidated and publicly disclosed. 
 
Its core content business continued to perform strongly, contributing S$109.8 million in revenue in FY2025, the group noted. Earnings before interest, taxes, depreciation and amortisation came in at S$24.7 million, supported by diversified demand across Singapore, China, Taiwan, Hong Kong and Malaysia. 
 
The mainboard-listed company added that it has had &ldquo positive negotiations and ongoing engagement&rdquo with creditors, including on the deferral of its exchangeable bonds&rsquo maturity date. 
It is also well-positioned to capture &ldquo expected continued growth&rdquo in the event and concert segment, despite the net loss it registered in FY2025, thanks to its strategic stake in live event and concert organiser UnUsUal. 
 
Fundraising initiatives, including a proposed placement of nearly 1.9 billion new shares, are under way as well, said mm2. In July, the group proposed placing the shares at a minimum of S$0.008 apiece, to raise funds for debt repayment and working capital. 
 
If the shares are fully subscribed at the minimum price, mm2 will raise S$14 million in net proceeds. Of this, S$7.5 million will be used to repay debt and liabilities, with the remaining used for general working capital. 
 
The group said that since Cathay&rsquo s liquidation does not constitute a material adverse change under the placement agreement, it will remain valid. 
 
However, the proposed placement is non-underwritten, and is being undertaken on a best-endeavour basis, mm2 said. Its completion will be dependent on various factors, including, but not limited to, the conditions precedent under the placement agreement, and the placement agent&rsquo s bookbuilding exercise. 
 
The cut-off date for the satisfaction of these conditions is Sep 30.  
 
In view of its circumstances, mm2 has appointed a chief restructuring officer to work with management and the board on overall strategic and financial plans. The proposed placement will remain a key component of that, the group said. 
 
&ldquo (But) it is likely that the timeline of the proposed placement will be delayed to accommodate the development of the strategic and financial plans.&rdquo
 
Fees owed to Disney
In a separate bourse filing on Wednesday, mm2 said two of its subsidiaries in Malaysia have received letters of demand from Disney, for payment of around RM1.2 million (S$374,711) in total. 
 
The sum is allegedly for film licence fees owed since November 2023 for movie screenings in Malaysia. 
 
Consequently, the two subsidiaries &ndash mm2 Star Screen and mm2 Screen Management &ndash have not screened Disney films since June 2024. 
 
The boards of mm2 and the subsidiaries are reviewing the letters and seeking legal advice. They intend to &ldquo actively engage&rdquo with Disney to resolve the matter. 

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Joelton
Supreme
04-Sep-2025 11:48     
 
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mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect operations
Separately, two of the group&rsquo s Malaysian subsidiaries receive letters of demand from Disney for RM1.2 million in film licence fees
 
[SINGAPORE] Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations. 
 
Instead, liquidating the struggling cinema chain may improve the group&rsquo s overall cash flow and profitability, given that Cathay has been cash-flow negative and loss-making since the pandemic, said mm2. 
 
This was in response to queries raised by the Singapore Exchange regarding the creditors&rsquo voluntary liquidation of Cathay, which was announced earlier this week. Shortly after, the cinema chain &ndash which owes money to the landlords of several of its outlets &ndash ceased operations. 
 
In a bourse filing on Wednesday night, mm2 explained that Cathay&rsquo s weak financial performance was already consolidated and publicly disclosed. 
 
Its core content business continued to perform strongly, contributing S$109.8 million in revenue in FY2025, the group noted. Earnings before interest, taxes, depreciation and amortisation came in at S$24.7 million, supported by diversified demand across Singapore, China, Taiwan, Hong Kong and Malaysia. 
 
The mainboard-listed company added that it has had &ldquo positive negotiations and ongoing engagement&rdquo with creditors, including on the deferral of its exchangeable bonds&rsquo maturity date. 
It is also well-positioned to capture &ldquo expected continued growth&rdquo in the event and concert segment, despite the net loss it registered in FY2025, thanks to its strategic stake in live event and concert organiser UnUsUal. 
 
Fundraising initiatives, including a proposed placement of nearly 1.9 billion new shares, are under way as well, said mm2. In July, the group proposed placing the shares at a minimum of S$0.008 apiece, to raise funds for debt repayment and working capital. 
 
If the shares are fully subscribed at the minimum price, mm2 will raise S$14 million in net proceeds. Of this, S$7.5 million will be used to repay debt and liabilities, with the remaining used for general working capital. 
 
The group said that since Cathay&rsquo s liquidation does not constitute a material adverse change under the placement agreement, it will remain valid. 
 
However, the proposed placement is non-underwritten, and is being undertaken on a best-endeavour basis, mm2 said. Its completion will be dependent on various factors, including, but not limited to, the conditions precedent under the placement agreement, and the placement agent&rsquo s bookbuilding exercise. 
 
The cut-off date for the satisfaction of these conditions is Sep 30.  
 
In view of its circumstances, mm2 has appointed a chief restructuring officer to work with management and the board on overall strategic and financial plans. The proposed placement will remain a key component of that, the group said. 
 
&ldquo (But) it is likely that the timeline of the proposed placement will be delayed to accommodate the development of the strategic and financial plans.&rdquo
 
Fees owed to Disney
In a separate bourse filing on Wednesday, mm2 said two of its subsidiaries in Malaysia have received letters of demand from Disney, for payment of around RM1.2 million (S$374,711) in total. 
 
The sum is allegedly for film licence fees owed since November 2023 for movie screenings in Malaysia. 
 
Consequently, the two subsidiaries &ndash mm2 Star Screen and mm2 Screen Management &ndash have not screened Disney films since June 2024. 
 
The boards of mm2 and the subsidiaries are reviewing the letters and seeking legal advice. They intend to &ldquo actively engage&rdquo with Disney to resolve the matter. 
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ozone2002
Supreme
04-Sep-2025 10:58     
 
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 Alert Admin 		3 billionaires do a GameStop on MM2 🤣
those short sellers squeeze ballz 
win win for the 3 billionaires and Melvin Ang

Volmax      ( Date: 04-Sep-2025 10:47) Posted:


More Force-Selling Coming If Margin Account Not Top-up On Time!

I' ll Wait For Force-Selling.
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Volmax
Elite
04-Sep-2025 10:49     
 
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 Alert Admin
54m Bond To Redeem By This December!

Trade At Own Risk, DYODD!
 
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Volmax
Elite
04-Sep-2025 10:47     
 
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 Alert Admin
More Force-Selling Coming If Margin Account Not Top-up On Time!

I' ll Wait For Force-Selling.
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Volmax
Elite
04-Sep-2025 10:44     
 
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 Alert Admin
1.875 Billion, Not Millions!

Now 18 Millions Readily Available At 4, Who Want Can Grab.
 

ysh2006      ( Date: 04-Sep-2025 10:34) Posted:

What remaining business it has ? Also it intend to place out millions of shares at 8 bits, see whether got people hope it or not by month end...
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tongphlp
Supreme
04-Sep-2025 10:37     
 
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 Alert Admin 		getting worst each day.....opening more and more can of worms

ozone2002      ( Date: 04-Sep-2025 10:15) Posted:

Mm2 is smoking weed?

  *mm2 Asia* says voluntary liquidation of Cathay Cineplexes unlikely to affect operations.  Separately, two of the group&rsquo s Malaysian subsidiaries receive letters of demand from Disney for RM1.2m in film licence fees.
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ysh2006
Supreme
04-Sep-2025 10:34     
 
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 Alert Admin 		What remaining business it has ? Also it intend to place out millions of shares at 8 bits, see whether got people hope it or not by month end...
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