Saturday 21 Sep 2024
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SINGAPORE (Sept 25): Entertainment company mm2 Asia has confirmed it is raising S$54 million by issuing exchangeable bonds to UOB Kay Hian carrying a coupon of 5% for a three-year term.

Under terms of the bond deal, first announced back in June 16, UOB Kay Hian can convert the bonds into shares of mm Connect group, the subsidiary of mm2 Asia which owns, operates, and manages cinemas including the Cathay Cineplexes and mmCineplexes brands in Singapore and Malaysia.

“The successful signing of this exchangeable bond deal indicates...(click on link for full story on theedgesingapore.com)

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