mm2 Asia completed the acquisition of Cathay Cineplexes business operations at two locations in Malaysia for RM40 million through its unit, mm2 Screen Management, on Nov 1.
“With the completion of the acquisition of the two cinemas, it will provide a source of recurring income and future growth for the company,” says mm2 Asia’s CEO Melvin Ang.
On Aug 20, the group announced the signing of a binding term sheet with Mega Cinemas Management to acquire cinemas at three locations in Malaysia. “With our combined talent and expertise, we are now in position to concentrate and implement our expansion plans in the regional market,” Ang adds.
mm2 Asia shares closed 0.65% higher at 77 cents on Oct 30.
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“With the completion of the acquisition of the two cinemas, it will provide a source of recurring income and future growth for the company,” says mm2 Asia’s CEO Melvin Ang.
On Aug 20, the group announced the signing of a binding term sheet with Mega Cinemas Management to acquire cinemas at three locations in Malaysia. “With our combined talent and expertise, we are now in position to concentrate and implement our expansion plans in the regional market,” Ang adds.
mm2 Asia shares closed 0.65% higher at 77 cents on Oct 30.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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