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mm2 Asia expands footprint with S$230m Cathay cinema deal

It will buy all of the shares in Cathay's cineplex subsidiary, which will come with brand name

Annabeth Leow

Published Thu, Nov 2, 2017 · 09:50 PM

Singapore

ENTERTAINMENT company mm2 Asia is set to take over all of Cathay Organisation's cinema operations here - including the historic operator's brand name - as it presses on with its expansion into the movie theatre business after a failed bid to acquire another cinema chain in Singapore.

mm2 Asia yesterday announced a deal to buy all of the shares in the group's Cathay Cineplexes subsidiary, which runs eight cinemas in Singapore, for S$230 million.

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