mm2 Asia inks deal to sell COVID-hit cinema business to Kingsmead for $63m

mm2 Asia inks deal to sell COVID-hit cinema business to Kingsmead for $63m

Photo: Felipe Bustillo / Unsplash.com

The Singapore entertainment company mm2 Asia has entered into an agreement with local investment firm Kingsmead Properties to sell its cinema business, mm2 Connect, for S$84.8 million ($63 million). mm2 Asia operates the Cathay chain of cinemas in the city-state.

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