Post Reply
21-40 of 595
still kena force selling?
Easy money 😁
Uob hse and CIMB
Pump up again. lol
should sell out to a third party investor instead of humilating and slowly peeling off in a game of strip poker by the lenders making margin call.
Some one buy from force selling
Who behind the buy guarantor
Sam goei?
25-26
The UOB Loan
The Board of Directors (the &ldquo Board&rdquo ) of mm2 Asia Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company, as well as mm2 Entertainment Pte. Ltd. (&ldquo mm2 Entertainment&rdquo ), UnUsUaL Management Pte. Ltd. (&ldquo UMPL&rdquo ), mm Plus Pte. Ltd. (in its capacity as guarantor), and mm Connect Pte. Ltd. (in its capacity as guarantor), subsidiaries of the Company, have on 7 November 2025, each received a letter of demand (collectively, the &ldquo Letters of Demand&rdquo , and each, a &ldquo Letter of Demand&rdquo ) from United Overseas Bank Limited (&ldquo UOB&rdquo ), in relation to debts owed to UOB.
Pursuant to the Letters of Demand, UOB has demanded payment of the aggregate outstanding amount of S$74,626,487.20 (together with all interest, fees, charges, costs and expenses) immediately and in any event within seven (7) days from the date of the Letters of Demand, failing which UOB may commence legal proceedings without further reference.
In addition,
(a) under the Letter of Demand to the Company, notice was given that UOB reserves its rights to exercise its power of sale in respect of, amongst others, all of the Company&rsquo s shares in mm2 Entertainment and mm Connect Pte. Ltd., pursuant to share charges (&ldquo Share Charges&rdquo ) granted by the Company in favour of UOB, as well as its other rights under the Share Charges, including but not limited to its right to appoint receivers
(b) under the Letter of Demand to mm2 Entertainment, notice was given that: (i) upon the expiry of 14 days from the date of the Letter of Demand, UOB intends to (in its sole discretion) exercise its power of sale in respect of a property (&ldquo Property&rdquo ), pursuant to the mortgage over the Property granted by mm2 Entertainment in favour of UOB, and its other rights under the said mortgage, including but not limited to its right to appoint receivers and (ii) UOB reserves its rights to enforce any and all of its rights in respect of the charge over mm2 Entertainment&rsquo s operating accounts granted in favour of UOB and
(c) under the Letter of Demand to UMPL, notice was given that UOB reserves its rights to exercise its power of sale in respect of 623,040,780 shares in UnUsUaL Limited, pursuant to a share charge granted by UMPL in favour of UOB, as well as its other rights under the said share charge, including but not limited to its right to appoint receivers.
The Board of Directors (the &ldquo Board&rdquo ) of mm2 Asia Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company, as well as mm2 Entertainment Pte. Ltd. (&ldquo mm2 Entertainment&rdquo ), UnUsUaL Management Pte. Ltd. (&ldquo UMPL&rdquo ), mm Plus Pte. Ltd. (in its capacity as guarantor), and mm Connect Pte. Ltd. (in its capacity as guarantor), subsidiaries of the Company, have on 7 November 2025, each received a letter of demand (collectively, the &ldquo Letters of Demand&rdquo , and each, a &ldquo Letter of Demand&rdquo ) from United Overseas Bank Limited (&ldquo UOB&rdquo ), in relation to debts owed to UOB.
Pursuant to the Letters of Demand, UOB has demanded payment of the aggregate outstanding amount of S$74,626,487.20 (together with all interest, fees, charges, costs and expenses) immediately and in any event within seven (7) days from the date of the Letters of Demand, failing which UOB may commence legal proceedings without further reference.
In addition,
(a) under the Letter of Demand to the Company, notice was given that UOB reserves its rights to exercise its power of sale in respect of, amongst others, all of the Company&rsquo s shares in mm2 Entertainment and mm Connect Pte. Ltd., pursuant to share charges (&ldquo Share Charges&rdquo ) granted by the Company in favour of UOB, as well as its other rights under the Share Charges, including but not limited to its right to appoint receivers
(b) under the Letter of Demand to mm2 Entertainment, notice was given that: (i) upon the expiry of 14 days from the date of the Letter of Demand, UOB intends to (in its sole discretion) exercise its power of sale in respect of a property (&ldquo Property&rdquo ), pursuant to the mortgage over the Property granted by mm2 Entertainment in favour of UOB, and its other rights under the said mortgage, including but not limited to its right to appoint receivers and (ii) UOB reserves its rights to enforce any and all of its rights in respect of the charge over mm2 Entertainment&rsquo s operating accounts granted in favour of UOB and
(c) under the Letter of Demand to UMPL, notice was given that UOB reserves its rights to exercise its power of sale in respect of 623,040,780 shares in UnUsUaL Limited, pursuant to a share charge granted by UMPL in favour of UOB, as well as its other rights under the said share charge, including but not limited to its right to appoint receivers.
lifeisgood ( Date: 08-Jan-2026 23:00) Posted:
|
If MM2 holds 400 million shares of Unusual and pledged all to UOB, at the height of Unusual share price, which was roughly 50 cents, this 400 million shares could have fetched a loan of approx $200 million. Of course UOB won' t loan the full value of the pledge shares, a certain hair cut would be taken. If UOB offered less than 50% shares value, those 400 million shares of Unusual could have fetched $100 million, which could have gone towards paying for Cathay Cinema ($230 million acquisition price).
So unless UOB has already sold off a lot of Unusual shares, at current share price of Unusual, even if UOB dumped off all the remainng Unusual collateral shares pledged by MM2 at current market price, it still cannot recover the full loan amount. As I dont follow MM2, I didnt bother to check how much UOB actually loaned to MM2, but I think is TOO MUCH.
So unless UOB has already sold off a lot of Unusual shares, at current share price of Unusual, even if UOB dumped off all the remainng Unusual collateral shares pledged by MM2 at current market price, it still cannot recover the full loan amount. As I dont follow MM2, I didnt bother to check how much UOB actually loaned to MM2, but I think is TOO MUCH.
U mean MM2 pledged shares of Unusual to UOB to obtain a loan (MM2 holds like over 400 mio shares of Unusual), and UOB sold off Unusual shares to recover the loan to MM2?
Andy_75 ( Date: 08-Jan-2026 15:11) Posted:
|
You see the SGX filing on the forced selling. You will see it' s a margin call on facility issued to mm2 as a loan. If it' s $500K, need to force sell until so jialat meh....
Only found this from 2025 AR:
27. CONTINGENT LIABILITIES (a) Corporate guarantees The Company has issued a corporate guarantee amounting up to $500,000 (2024: $500,000) to a bank for a banking facility of its subsidiary corporations. The performance guarantee issued under the banking facility amounted to $120,000 (2024: $207,008) as at 31 March 2025. The Company has evaluated the fair values of the corporate guarantees and the consequential liabilities derived from its guarantees to the bank with regards to the subsidiary corporations are minimal, with no default in the payment of borrowings and credit facilities.
(it is for an Unusual' s subsidiary, not MM2)
27. CONTINGENT LIABILITIES (a) Corporate guarantees The Company has issued a corporate guarantee amounting up to $500,000 (2024: $500,000) to a bank for a banking facility of its subsidiary corporations. The performance guarantee issued under the banking facility amounted to $120,000 (2024: $207,008) as at 31 March 2025. The Company has evaluated the fair values of the corporate guarantees and the consequential liabilities derived from its guarantees to the bank with regards to the subsidiary corporations are minimal, with no default in the payment of borrowings and credit facilities.
(it is for an Unusual' s subsidiary, not MM2)
Andy_75 ( Date: 08-Jan-2026 12:14) Posted:
|
If you know where to look, you will know they have corporate guarantee
Newbie85 ( Date: 07-Jan-2026 21:55) Posted:
|
i dont think anyone can save MM2 now.. but vividthree and unusual maybe can be saved.. high risk high returns..
DYODD
DYODD
Newbie85 ( Date: 08-Jan-2026 08:47) Posted:
|
Let see boss of ssh what next step,he will buy buy buy imo
Face important for him
Face important for him
Yup. If follow what you posted. Funds so stupid to load up unusual. Hildrics funds throw money into sea?
Looks like all companies associated with mm2 jia lat. even vv3 loan also kena recall. One die all die
Untrue.
Pofma.
Pofma.
Andy_75 ( Date: 07-Jan-2026 16:50) Posted:
|
Lost chor
got corporate guarantee to mm2 loans and mm2 went bust liao. entire market cap also not enuff to cover the loans.
30 throw