mm2 Asia in discussion to buy a stake in Golden Village Cinema in Singapore
Add BT as a preferred source
MM2 Asia Ltd is in discussion to buy Village Cinemas Australia's entire stake in the holding company of Golden Village Cinema business in Singapore, the group said in a Singapore Exchange (SGX) filing on Friday.
The discussions and negotiations are at a preliminary stage, and are ongoing.
Village Cinemas is a wholly owned subsidiary of Village Roadshow Limited, a company listed on the Australian Securities Exchange.
It owns a stake in Dartina Development Limited, a company incorporated in Hong Kong, which holds the Golden Village Cinema business in Singapore.
Any purchase will be subject to the terms being agreed by both parties, the applicable consents being obtained and the fulfilment of relevant conditions precedent.
Share with us your feedback on BT's products and services
TRENDING NOW
Ohmyhome sells real estate business for US$1 with operations to continue under private ownership
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
China’s capital crackdown: Why Hong Kong will still keep its edge over Singapore, others
Singapore to introduce new corporate structure for insurance, speed up approval of new fund types: DPM Gan
