mm2: Golden Village deal held back because seller did not get approval

Singapore

MM2 Asia says that its counterparty in a planned investment in the Golden Village cinema business in Singapore failed to fulfil a condition, which prevented the deal from being completed.

mm2, a movie and TV production company, said on Monday before the market opened that its planned acquisition of a 50 per cent share in Golden Village has not taken place because approval for the deal had not been obtained by the owner of the remaining stake in the cinema chain.