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MM2 Asia
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MM2 Asia [1B0.si]
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vicloo
Elite |
18-Feb-2025 15:12
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I think might hit 0.007 to 0.008 before reverse split, 20 to 1 to 0.16. | ||||
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vicloo
Elite |
18-Feb-2025 15:09
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Hitting 0.009. | ||||
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ozone2002
Supreme |
18-Feb-2025 10:53
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Demise of cinema https://mustsharenews.com/cathay-west-mall-closing/amp/ do the 3 billionaires have a turn around strategy for mm2?  
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vicloo
Elite |
17-Feb-2025 21:12
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West mall cinema shutting down.
https://www.zaobao.com.sg/realtime/singapore/story20250217-5890518?utm_medium=Social&utm_source=Facebook&fbclid=IwY2xjawIgFLhleHRuA2FlbQIxMQABHYmlSQvQaejMRRyAzEa8i4_mlMqjqurnbJQW__J9RnywU686D1WI_b4TAg_aem_ggfiSIMomcfbPy9s6ctlVw#Echobox=1739796518 |
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ysh2006
Supreme |
17-Feb-2025 08:42
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Offer 10 tickets at $100 can buy or not ....Jack Neo shows ? | ||||
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vicloo
Elite |
16-Feb-2025 06:37
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Anyone still have confidence holding mm2 asia in longer term? What is your exit plan care to share? | ||||
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QueenMaya
Senior |
12-Feb-2025 05:59
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https://www.channelnewsasia.com/watch/cathay-cineplexes-owner-its-financial-struggles-interview-mm2-asia-founder-melvin-ang-video-4928951
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ysh2006
Supreme |
11-Feb-2025 19:55
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You suggest share consolidation think 20 :1 and than issue right 10 :1 @ 10c maybe good.
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vicloo
Elite |
11-Feb-2025 17:17
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Anyone cutting loss and move on.... or continue to hold or add?? | ||||
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deadbored
Member |
10-Feb-2025 21:28
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I guess, first they consolidate. Then issue more rights again to dilute. Heart pain.
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ozone2002
Supreme |
10-Feb-2025 13:26
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More rights otw? https://www.channelnewsasia.com/singapore/cathay-cinemas-mm2-asia-not-giving-up-4926581 |
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ozone2002
Supreme |
10-Feb-2025 08:32
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Only opened for the billionaires club 3 notable ones
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ysh2006
Supreme |
09-Feb-2025 11:05
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Any update is Mr Mark Lee inside MM2
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ysh2006
Supreme |
08-Feb-2025 11:06
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Any update ? Popiah king also inside sell what ?
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ysh2006
Supreme |
08-Feb-2025 09:53
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Is Mr Mark Lee is a SSH if MM2 ? | ||||
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Joelton
Supreme |
07-Feb-2025 12:03
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Cathay Cineplex has paid back S$12 million owed to landlords remaining S$2.7 million is a quarter of total sum
mm2 Asia says slower-than-expected recovery of the cinema industry hit the cinema chain&rsquo s ability to pay its arrears on a timely basis
 
THE S$2.7 million in rental arrears by Cathay Cineplex to the landlords of its two cinemas represents a quarter of the total payment it owed between Apr 1, 2020, and Jan 31, 2025.
 
The cinema chain, operated by mm2 Asia, has paid back S$12 million in rent owed to the landlords, said the mainboard-listed media company in a bourse filing on Thursday (Feb 6).
 
The company was responding to queries from the Singapore Exchange (SGX) on the letters of demand that Cathay Cineplex received for rent and other costs owed.
 
SGX asked why the rental arrears and other amounts have not been paid back to the respective landlords, despite mm2 Asia having reported S$10.1 million in cash and cash equivalents in its results for the first half of the year.
 
The media company was asked if the payment amounts were being disputed by Cathay Cineplex, and if the cash and cash equivalents were restricted or encumbered in any manner.
 
The group said that the amounts were not being disputed by the cinema chain.
 
It also noted that the S$10.1 million in cash and cash equivalents were not restricted or encumbered in any way, adding that it allocated and deployed a portion of the monies for use in the group&rsquo s other businesses.
 
The slower-than-expected recovery of the cinema industry hampered Cathay Cineplex&rsquo s ability to pay its arrears on a timely basis, said the group.
 
It added that it is actively engaging with the landlords to resolve the matter, and will work on a payment schedule that is acceptable to all parties.
 
It has initiated negotiations with the various lenders for Cathay Cineplex to secure short-term working capital loans, and is actively engaging with potential investors for investments in the cinema business, including exploring a potential divestment.
 
The group is also working with various creditors to reschedule debt as it comes due, including but not limited to a possible restructuring of Cathay Cineplex&rsquo s business and financial obligations.
 
With these steps in mind, it does not expect the letters to have a significant impact on its financials.
 
Separately, mm2 Asia disclosed that it received a letter of demand from Frasers Centrepoint Trust, the landlord of its outlet at Causeway Point, on Feb 4 for the S$2.2 million in rent arrears owed by Cathay Cineplex. The letter was received in its capacity as a guarantor.
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ozone2002
Supreme |
07-Feb-2025 11:56
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Still have cash to burn? https://www.businesstimes.com.sg/companies-markets/cathay-cineplex-has-paid-back-s12-million-owed-landlords-remaining-s2-7-million-quarter-total-sum |
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slingshotpro
Senior |
07-Feb-2025 09:05
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and he pulled out his queue  this is funny
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ozone2002
Supreme |
07-Feb-2025 08:57
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Now we know it' s him https://www.theedgesingapore.com/amp/capital/insider-moves/sam-goi-ups-stake-mm2-asia-after-buying-142-mil-shares-market-transaction
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spursfan
Elite |
07-Feb-2025 08:09
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Not about the amount. Price was pressed down to 10 after the debt announcement. I think he was the one that cleared the sell q at 11. He was trying to stop the selling from gaining momentum n steady the ship.
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