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sgx need to answer...
ysh2006 ( Date: 24-Sep-2025 13:30) Posted:
2 pips can broker force sell again ?...who are the buyers behind ? own company buyer and later get company to make some positive news and push up to us to run ?
Newcomer19707016 ( Date: 23-Sep-2025 13:31) Posted:
| Unable to negotiate terms to pay debts, not a good sign |
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Brokering house force sell but who buy the shares ? Brokering house ownself buy keep for higher price har ?
Volmax ( Date: 24-Sep-2025 20:19) Posted:
Disposal of shares executed by CGS International Securities Singapore Pte. Ltd. through a force-sell mechanism, triggered by a decline in the Margin Maintenance Ratio below the required threshold.
22 September 12,000,000 At 2
23 September 5,000,000 At 2
24 September 3,000,000 At 2
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Disposal of shares executed by CGS International Securities Singapore Pte. Ltd. through a force-sell mechanism, triggered by a decline in the Margin Maintenance Ratio below the required threshold.
22 September 12,000,000 At 2
23 September 5,000,000 At 2
24 September 3,000,000 At 2
Short of good business modelling with no new ideas to explore into other business investments. Then will have a rocky road ahead.
2 pips can broker force sell again ?...who are the buyers behind ? own company buyer and later get company to make some positive news and push up to us to run ?
Newcomer19707016 ( Date: 23-Sep-2025 13:31) Posted:
| Unable to negotiate terms to pay debts, not a good sign |
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Not When There Is Another Margin Call.
Now Trading At 2, Very Likely There Is A Deficit In The Margin Account As The Collateral Securities Is Pegged To Market Traded Price.
Unless Able To Find Money To Maintain The Treshold Level In The Margin Account, There Will Be Another Force-Sell.
Need A Bridging Loan To Tie Over This Crisis, But Who Will Lend A Helping Hand When You Are Down, Other Than Those Charging Sky-High Interest Rate.
Trade At Own Risk & Gain! DYODD As Always!
Newcomer19707016 ( Date: 24-Sep-2025 09:46) Posted:
| But 0.002 should be able to hold for sometimes |
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But 0.002 should be able to hold for sometimes
Unable to negotiate terms to pay debts, not a good sign
..coming to an end you mean?....
Volmax ( Date: 23-Sep-2025 09:33) Posted:
Coming To A Screen Near You!
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Coming To A Screen Near You!
Excerpt From Today Announcement
APPOINTMENT OF INTERIM LIQUIDATOR AND CREDITORS&rsquo VOLUNTARY WINDING UP OF MM2 STAR SCREEN SDN. BHD. AND MM2 SCREEN MANAGEMENT SDN. BHD
" The Board of Directors (Board) of mm2 Asia Ltd. (the Company, and together with its subsidiaries, the Group) refers, amongst others, to its previous announcements in relation to regarding the letters of demand and writs of summons received by MM2 Star Screen Sdn. Bhd. (MSS) and MM2 Screen Management Sdn. Bhd. (MSM), being associated companies of the Group.
MSS and MSM had attempted to negotiate amicable resolutions with their respective creditors but were unable to arrive at mutually agreeable restructuring outcomes.
Having carefully considered, amongst other things, the financial position of MSS and MSM and the absence of restructuring outcomes, the respective boards of directors (Boards) of MSS and MSM have resolved that it is no longer feasible for the companies to continue operating as going concerns. As a result, the Boards of MSS and MSM decided to proceed with Creditors' Voluntary Liquidation of MSS and MSM pursuant to the applicable provision of the Companies Act 2016 of Malaysia.. "
big is subjective....big can be bigger
mr popiah, mr osim already sucked in....maybe they have more to throw?
Newcomer19707016 ( Date: 22-Sep-2025 16:34) Posted:
| Unless got big investors injection billions of dollars else is hard for it to turnaround. |
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which creditor??
bankruptcy soon?
Volmax ( Date: 22-Sep-2025 20:23) Posted:
| Another Creditor Knocking On MM2's Door, Requesting $97,500 To Be Paid By 22 September, Today! |
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Another Creditor Knocking On MM2's Door, Requesting $97,500 To Be Paid By 22 September, Today!
Unless got big investors injection billions of dollars else is hard for it to turnaround.
mm2 Asia shares, which closed at 0.2 cents on Sept 19, was down 80% year to date, valuing the company at just over $5.2 million.
but is is having over $122 million losses?
this is a grave situation....is it a going concern?Newcomer19707016 ( Date: 22-Sep-2025 09:37) Posted:
| Is this the latest financial report? $122 over million losses is a lots for this company size. Wonder what is the cash flow and working capital now? |
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the sky is falling....
mati mati
Joelton ( Date: 22-Sep-2025 10:57) Posted:
mm2 Asia chairman Ang' s stake lowered after forced selling by CGS International
Melvin Ang, executive chairman of mm2 Asia, has seen his stake in the company reduced by 50 million shares this past week to around 856 million shares, equivalent to 13.1%.
This reduction came after forced selling by CGS International of shares held with the broker over three days, " triggered by a decline in the margin maintenance ratio below the required threshold."
On Sept 18, 22 million shares were forced sold the following day, another 10 million shares were sold.
Shares were sold at 0.2 cents each on both days.
Earlier, on Sept 15, CGS International sold 18 million of Ang' s shares at 0.3 cents each.
On Sept 2, 9 million shares were sold at 0.3 cents as well.
Just the day earlier, mm2 Asia, which operates multiple entertainment and related businesses, announced it is winding up its cinema subsidiary Cathay Cineplexes.
According to mm2 Asia' s Sept 19 filing, Ang held 214.8 million shares under CGS-CIMB Securities (Singapore), and another 623,85 million shares with UOB Kay Hian under an entity called Lionsgate Alpha wholly-owned by him.
mm2 Asia shares, which closed at 0.2 cents on Sept 19, was down 80% year to date, valuing the company at just over $5.2 million.
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When is MM2 have new share placement? Will it help to push up the share price?
Candle in the wind? Anytime can blown off
mm2 Asia chairman Ang' s stake lowered after forced selling by CGS International
Melvin Ang, executive chairman of mm2 Asia, has seen his stake in the company reduced by 50 million shares this past week to around 856 million shares, equivalent to 13.1%.
This reduction came after forced selling by CGS International of shares held with the broker over three days, " triggered by a decline in the margin maintenance ratio below the required threshold."
On Sept 18, 22 million shares were forced sold the following day, another 10 million shares were sold.
Shares were sold at 0.2 cents each on both days.
Earlier, on Sept 15, CGS International sold 18 million of Ang' s shares at 0.3 cents each.
On Sept 2, 9 million shares were sold at 0.3 cents as well.
Just the day earlier, mm2 Asia, which operates multiple entertainment and related businesses, announced it is winding up its cinema subsidiary Cathay Cineplexes.
According to mm2 Asia' s Sept 19 filing, Ang held 214.8 million shares under CGS-CIMB Securities (Singapore), and another 623,85 million shares with UOB Kay Hian under an entity called Lionsgate Alpha wholly-owned by him.
mm2 Asia shares, which closed at 0.2 cents on Sept 19, was down 80% year to date, valuing the company at just over $5.2 million.
