<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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