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
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Annabeth Leow
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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