mm2 hits all-time high on UnUsUaL listing plans

Singapore

SHARES of movie producer mm2 Asia hit an all-time high on Friday, after it said that one of its investees, UnUsUaL Pte Ltd, has appointed professionals to prepare for a listing on the Catalist board of the Singapore Exchange.

The stock rose three Singapore cents, or 4.5 per cent, to S$0.70. Some seven million shares changed hands. The stock has been on an almost-constant upward trend since it listed in December 2014 at S$0.25 a share. That is a 180 per cent increase since listing to date. mm2 Asia also recently underwent a one-for-two share split. This was completed on March 1, 2016.