mm2 Asia Ltd. is a film and television content production company based in Singapore. The company operates through two segments: Core Business, which includes the production, distribution, and sponsorship of content, and Post Production, which includes audio post-production and equipment rental services. In addition, mm2 Asia is one of the key cinema operators in Malaysia and Singapore, owning and operating mmCineplexes and Cathay Cineplexes. In recent news, the company has announced a proposed renounceable underwritten rights issue to raise net proceeds of about SGD 52.2 million for the payment of the medium-term note due on April 27, 2021, and for general working capital and operations. The company has faced challenges due to the Covid-19 pandemic, which impacted all its businesses, but its share price has been stable over the past three months and hovering between 0.042 and 0.046 as of 14th Feb 2023
References: [1] https://www.forbes.com/companies/mm2-asia/ [2] https://sginvestors.io/sgx/stock/1b0-mm2-asia/analyst-report [3] https://www.marketscreener.com/quote/stock/MM2-ASIA-LTD-18892419/news/Mm2-Asia-FY2022-Annual-Report-40976633/ [5] https://simplywall.st/stocks/sg/media/sgx-1b0/mm2-asia-shares [6] https://www.businesstimes.com.sg/companies-markets/hot-stock-mm2-asia-tumbles-308-after-news-of-potential-investor-proposed-rights [7] https://www.smallcapasia.com/mm2-asia-stock-is-it-a-hidden-gem-now/ [8] https://www.tradingview.com/symbols/SGX-1B0/financials-overview/
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