<div class=newsTextDataWrapInner><p>SINGAPORE (Nov 9): mm2 Asia is acquiring 13 cinemas in Malaysia from Lotus Fivestar Cinemas for RM118 million (S$39.1 million).</p></div>

<div class=newsTextDataWrapInner><p>mm2 Asia says the acquisition is in line with the company’s intention to diversify into downstream value chain of film production.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition will also complement current and future business, while strengthening its competitive advantage while providing recurring income according to mm2 Asia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Post completion, mm2 Asia will own 133 cinema screens in Malaysia, making it the fourth largest cinema operator in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>The company expects to see a positive impact on financial performance post completion.</p></div>

<div class=newsTextDataWrapInner><p>Shares of mm2 Asia traded flat at 46.5 Singaporean cents at 10.56 a.m.</p></div>


SINGAPORE (Nov 9): mm2 Asia is acquiring 13 cinemas in Malaysia from Lotus Fivestar Cinemas for RM118 million (S$39.1 million).

mm2 Asia says the acquisition is in line with the company’s intention to diversify into downstream value chain of film production.

The acquisition wi...

mm2 Asia acquires 13 cinemas in Malaysia for RM118 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>
