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this time really bbq le......
Volmax ( Date: 16-Sep-2025 20:18) Posted:
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sad indeed, lost big on this one and the group of companies
LowLow12 ( Date: 17-Sep-2025 08:20) Posted:
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Really is a disgrace.
Founder still go and pledge shares on margin and being forced sold.
Melvin has fallen from sky in 2014 to now 2025.
When good times with sky rocketting share price, he pledged and pledged. Now based on his take, he is only worth $2.7mil
I believe he is very upset and regretful to miss those 2014-2016 good times
Think soon will be suspended this share
Founder still go and pledge shares on margin and being forced sold.
Melvin has fallen from sky in 2014 to now 2025.
When good times with sky rocketting share price, he pledged and pledged. Now based on his take, he is only worth $2.7mil
I believe he is very upset and regretful to miss those 2014-2016 good times
Think soon will be suspended this share
who are the buyers for all those shares?
18m at 3 is for 15 Sept yesterday, today another 7m at 3.
CEO kena force sold another 18m shares at 3, due to margin account falling below threshold level. More force sold, more deficit, becoming a self-fulfilling prophecy.
More Money 2
Stay Afloat!
tongphlp ( Date: 16-Sep-2025 13:38) Posted:
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mati mati 2
Volmax ( Date: 16-Sep-2025 10:12) Posted:
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Will Become Another AP Strategic, Don' t Get Trap!
More Force Selling Coming!
Don' t Catch The Falling Knife!
Turning around soon. Bought a truckload at 0.4 cents
mati mati 2
Joelton ( Date: 11-Sep-2025 12:21) Posted:
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mm2 Asia scraps stake sale PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia&rsquo s stake in Vividthree will be diluted to 23%
[SINGAPORE] Vividthree Holdings will see private equity fund Hildrics Asia Growth Fund VCC take a 29 per cent stake through a S$2.2 million subscription of new shares, replacing a scrapped deal for the fund to buy equity from controlling shareholder mm2 Asia.
Both the termination of the old deal and the creation of the new share subscription agreement took place on Sep 8.
Under the new placement, Vividthree will issue 137.4 million new shares to Hildrics at an issue price of S$0.01615 a share. This will increase the fund&rsquo s stake in the company from its current 7.98 per cent to 29 per cent of the enlarged share capital.
Meanwhile, mainboard-listed mm2 Asia&rsquo s stake will be reduced to 23 per cent, from the current 29.9 per cent, after the proposed placement.
The issue price represents a 15 per cent discount to the volume-weighted average price of S$0.019 a share of Vividthree&rsquo s shares on Sep 5, the last market day before the agreement was signed.
In a bourse filing on Wednesday (Sep 10), Vividthree said the estimated net proceeds of S$1.74 million will be used to strengthen its financial position and for general working capital, including new and existing projects. The company&rsquo s directors stated that they believe the placement is the &ldquo most suitable fundraising option&rdquo available at this time.
The buyer Hildrics Asia Growth Fund VCC is a private equity fund that provides growth capital to mid-tier South-east Asian enterprises with established track records and growth potential.
It is managed by Hildrics Capital, a Singapore-based fund management company specialising in originating proprietary deals across all industries in Singapore and South-east Asia.
The new placement replaces the deal made in May, when mm2 Asia had agreed to sell a 21.02 per cent stake in Vividthree to Hildrics for S$1.7 million.
Had that disposal proceeded, mm2&rsquo s holding in Vividthree would have been reduced to approximately 8.9 per cent, at which point Vividthree would have ceased to be an associated company of the group. Proceeds from that sale were intended to be used to repay mm2&rsquo s outstanding liabilities.
mm2 Asia&rsquo s Malaysia unit settles dispute with landlord over unpaid rent, other charges
The &lsquo amicable settlement&rsquo totals RM1.7 million
[SINGAPORE] A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust, over unpaid rent and other charges for its movie theatres in Melaka and Johor.
In a bourse filing on Wednesday (Sep 10), the group said that its subsidiary MM2 Star Screen had reached an &ldquo amicable settlement&rdquo with Hektar totalling about RM1.7 million (S$516,350).
The matter relates to the company&rsquo s cinemas in Mahkota Parade Shopping Centre in Melaka, for which Hektar had initially sought a sum of RM645,905.26, and Segamat Central in Johor.
The amount will be partially offset by an existing security deposit, and the balance will be paid over six monthly instalments from September 2025. If all the payments are made on time, late interest charges may be waived.
The parties will return to court on Sep 12 to formally record the settlement terms.
The group does not expect the matter to have any material impact on its results for the current financial year. &ldquo MM2 Star Screen continues to operate its business and is committed to fulfilling its obligations under the settlement,&rdquo it added.
today is the 11th....no chapter 11, but got 9-11....
i better go 7-11 better...:)
i better go 7-11 better...:)
treetops ( Date: 10-Sep-2025 19:39) Posted:
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no more $ or losses to cut so now I' m cutting hair....for goodness sake, i may end up cutting my fingers if I' m not focused...
Newcomer19707016 ( Date: 11-Sep-2025 09:08) Posted:
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i' m beginning to dislike popiah....change to eating curry puff now
kepoh88 ( Date: 10-Sep-2025 21:17) Posted:
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How? Have to cut losses?
Skeleton In The Closet Or Can Of Worms!
Touch It With A Ten Foot Pole.
Today Learn Something New!
" Judicial management under s 227 of the Companies Act or judicial management coupled with a s 210 scheme of arrangement."
vicloo ( Date: 10-Sep-2025 19:12) Posted:
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