mm2 Asia

[Behappyalways]

Cathay Cineplexes owner on its financial struggles: Interview with mm2 Asia founder Melvin Ang
https://m.youtube.com/watch?v=J757O5SQQv0

[CY09]

https://mothership.sg/2025/09/cathay-cin...s-refunds/

Cathay Cinemas has gone down, MM2 has written off this segment. It is likely MM2 shareholders will get anything in the liqudation after creditors and liqudator fee.

What's next are the value of its 2 other subsidaries Vividthree, Unusual and the local movie production. It's 2 listed segments are loss making while the content, movie production seems to have 5 million in net profit if no impairment. It might be advisable that MM2 starts to sell off its Unusual managment and Vividthree stakes (40 million worth based on market cap and its relevant stae)and use it to pair off its debt at parent company level.

From there, use the local movie profits to slowly repay its $170 million in debt. Its a company teethering on large debt, small profits and weak cashflow. Company has done several rounds of equity raising but might need one to two more rounds to stay solvent