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mm2 Asia spin-off to lodge listing documents
FILM producer and distributor mm2 Asia on Wednesday updated that it has been advised by Unusual Pte Ltd that the latter plans to lodge its preliminary offer document with the Singapore Exchange after obtaining the shareholders' approval for the proposed listing at an extraordinary general meeting on March 20, 2017.
This follows mm2's announcement last week that the bourse operator has no objection to the proposed spin-off and listing of Unusual on the Catalist board.
mm2 is a majority shareholder in Unusual, which is involved in event and concert production. mm2 sees synergy in their business activities, and believes that the acquisition will allow it to project its presence in the greater South-east Asia and North Asia markets.