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telecommunications doing well....RTO or M&A next?
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Ligaya
Master |
18-Jul-2025 15:35
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No white knight will take over such non-property biz assets. All premises are rented. The only asset is their media production, Money Not Enuf. Dun see any viable structuring deals. | ||||
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vicloo
Supreme |
18-Jul-2025 15:20
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This is not financial advice, just share what i did 3 months ago. Painfully cut all my mm2 position took actual loss 12k at 0.09. Look back if i hold till now lose a lot more.
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ozone2002
Supreme |
18-Jul-2025 14:49
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Last:0.006  +0.001 ask Melvin to find more one billionaire suckers, he already convinced 3 of them, what' s one more |
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tongphlp
Supreme |
18-Jul-2025 13:35
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option 1 : find money option 2 : find more money option 3 : find even more money option 4 : mati
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tongphlp
Supreme |
18-Jul-2025 10:06
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towkay become tau geh...
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tongphlp
Supreme |
18-Jul-2025 09:46
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motherhood statement..tell us what we dont know!
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tongphlp
Supreme |
18-Jul-2025 09:44
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better to close cathay and sell satay?
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seemeyouhuat
Member |
18-Jul-2025 08:49
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should i just sell my mm2 and unusual shares, can get back an ultra low 5 figure still, lost a high 5 figure already problem is, want sell maybe also no one want to buy |
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Joelton
Supreme |
18-Jul-2025 08:46
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mm2 Asia evaluating all available options, including winding up Cathay Cineplexes
The 85-year-old cinema chain may eventually cease to exist
[SINGAPORE] Cathay Cineplexes parent company mm2 Asia : 1B0 -28.57% said on Thursday (Jul 17) that it is evaluating all available options to address its financial challenges, including winding up the cinema chain.
The other options included continuing negotiations with Cathay&rsquo s landlords, with the aim of restructuring existing obligations consensually, and restructuring the cinema&rsquo s existing obligations under a court-supervised process while preserving operational continuity.
This comes after mm2 said on Wednesday it was proposing a six-year delay to a S$54 million bond repayment that was set for redemption in December. The entertainment group also clarified that the S$3.3 million in repayment demands Cathay received corresponded to the lease liabilities mm2 disclosed in February.
If mm2 opts to wind up Cathay Cinexplexes, it would result in the closure of one of Singapore&rsquo s oldest cinema chains. It has been operating since October 1939, originally known as Cathay Cinema.
Future material developments will be accompanied by further announcements, mm2 Asia said.
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vicloo
Supreme |
18-Jul-2025 05:57
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Ya lor
Their intention could be letting mm2 go burst, and take only the small local movies production units (when Banks/Debters lelong these remaining business to recover losses) and they just buy them off cheaply, run them privately. Few of them simply like to own local movie production business win or lose money doesnt matter, they own other main profitable business to keep this hobby haha.
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vicloo
Supreme |
18-Jul-2025 05:41
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Fully agree.
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saiwan
Member |
17-Jul-2025 20:12
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do you mean 0.001? it can still go lower if there is a consolidation of the stock and the share price can drop further after the consolidation
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saiwan
Member |
17-Jul-2025 20:01
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should be 3 towkay. at most maybe close down movie. still have vv3 and unusual backup. can also change biz. | ||||
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tongphlp
Supreme |
17-Jul-2025 18:42
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what stuck? in biz, u win some, u lose some. that' s the name of the game. it' s a gamble.
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stonkmaster
Veteran |
17-Jul-2025 18:12
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if the price drops to 0.0001 can buy? can?t go lower than that already right? | ||||
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vicloo
Supreme |
17-Jul-2025 17:18
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They are not, they already treat this as loss. They probably selling a lot today. This is Hyflux repeat, default bond then suspend from market then declare bankrupt. Best just sell b4 trading suspend.... to avoid 100% capital loss.
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WBdisciple
Elite |
17-Jul-2025 10:49
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I think the TWO BIG TOWKAYS are stuck.....if Melvin Ang leave the company and bring out the company' s people, then GG. If TWO BIG TOWKAYS dun pump money in, also GG. | ||||
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spursfan
Supreme |
17-Jul-2025 10:01
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https://links.sgx.com/1.0.0/corporate-announcements/8ERYO4UZHKJCWT12/852240_mm2%20-%20Update%20on%20Status%20of%20Legal%20Demand%20Letters%20and%20Cinema%20Lease%20Obligations.pdf | ||||
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tongphlp
Supreme |
17-Jul-2025 09:16
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the rise of netflix....
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ozone2002
Supreme |
17-Jul-2025 09:15
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Mm2 has a great achievement - managed to bamboozle 3 billionaires 👏 | ||||
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