<div class=newsTextDataWrapInner><p>SINGAPORE (June 13): mm2 Asia has entered into an agreement to acquire Village Cinemas Australia’s entire 50% stake in Dartina Development for S$184.3 million.</p></div>

<div class=newsTextDataWrapInner><p>Dartina is an investment holding company incorporated in Hong Kong which holds, through its Singapore subsidiaries, the Golden Village Cinema business in Singapore.</p></div>

<div class=newsTextDataWrapInner><p>The consideration is 10.5 times the aggregate earnings of the Singapore subsidiaries before interest, taxes, depreciation and amortisation for the period ended Dec 31 2016.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>mm2 Asia says the acquisition is in line with its strategy to further strengthen its presence in the downstream value chain of film distribution. The group also believes the acquisition will complement its current operations in Malaysia and provide a source of recurring income.</p></div>

<div class=newsTextDataWrapInner><p>The proposed acquisition will be funded by a combination of bank borrowings, internal cash resources and proceeds from fund raising exercises.</p></div>

<div class=newsTextDataWrapInner><p>Share price of mm2 Asia closed at 62 Singaporean cents on Tuesday.</p></div>


SINGAPORE (June 13): mm2 Asia has entered into an agreement to acquire Village Cinemas Australia’s entire 50% stake in Dartina Development for S$184.3 million.

Dartina is an investment holding company incorporated in Hong Kong which holds, through its Singapore subsidiaries, the Golden ...

mm2 Asia to acquire Golden Village Cinema business in Singapore for S$184 mil

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<p>(Dec 22):&nbsp;Singapore Post Ltd (SingPost)&nbsp;fired its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business.&nbsp;</p>


<p>(Dec 22):&nbsp;Emerging markets (EM)-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.</p>


<p>SEREMBAN (Dec 22): Barisan Nasional (BN) chairman and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has assured that Umno and Barisan Nasional (BN), as component parties, will be fully committed to the Unity Government until the next election.</p>


<p>BENGALURU (Dec 22): Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the <em>Financial Times</em>&nbsp;(<em>FT</em>) in an interview published on Sunday.</p>


<p>BENGALURU (Dec 22): Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, <em>Nikkei Asia </em>reported on Sunday, citing sources.</p>
