Cathay Cineplexes in the news as mm2 mulls cinema Catalist spinoff
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Sharanya Pillai
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Singapore
MAINBOARD-LISTED mm2 Asia, the owner of Cathay Cineplexes, is evaluating a spinoff of its cinema business onto the Singapore Exchange's junior Catalist board.
mm2's cinema business is currently conducted through its wholly-owned subsidiary, mm Connect, whose units include Cathay Cineplexes in Singapore and Malaysia-based mm2 Star Screen and joint venture River Front Mega Cineplex, according to its 2020 annual report.
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