mm2 Asia appoints financial adviser to undertake strategic review

MM2 Asia has appointed Haitong International Securities (Singapore) as its financial adviser to complete a strategic review of the group's businesses.

In a filing to the Singapore Exchange on Wednesday, mm2 Asia said: "The group, through the strategic review, aims to further enhance its corporate profile, branding and market awareness in the North Asia markets where it currently operates; and to explore the possibility of seeking a foreign listing of some of the group's key assets and/or businesses, which may include the cinema operations, to further enhance shareholder value."

It warned shareholders and potential investors that there is no certainty that any corporate action will take place.